Total OASDI beneficiaries in Lorain increases in 2018

There were 64,700 total OASDI beneficiaries in Lorain in 2018, a 2.0% increase over 2017, which had 63,460 total beneficiaries, according to the official Social Security Administration website.

The Old-Age, Survivors, and Disability Insurance (OASDI) is a program of the Social Security Administration funded primarily through payroll taxes. It was signed into law in 1935 by then-President Franklin D. Roosevelt.

The OASDI program aims to supplement a worker's lost wages due to retirement, disability or death of a spouse.

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