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South Tidewater News

Sunday, December 22, 2024

Widow and parent beneficiaries in ZIP Code 23510 decrease in 2020

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There were 105 total OASDI widow and parent beneficiaries in Virginia ZIP Code 23510 in 2020, an 8.7 percent decrease from 2019, according to the Social Security Administration.

There were 115 total widow and parent beneficiaries in 2019.

The Old-Age, Survivors, and Disability Insurance (OASDI) program aims to supplement a worker's lost wages due to retirement, disability or death of a spouse.

The Social Security Administration program is funded primarily through payroll taxes. It was signed into law in 1935 by then-President Franklin D. Roosevelt.

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