Quantcast

Sangamon Sun

Thursday, May 8, 2025

Widow and parent beneficiaries in ZIP Code 62711 decrease in 2020

Webp adobestock 294508985

Adobe Stock

Adobe Stock

There were 250 total OASDI widow and parent beneficiaries in Illinois ZIP Code 62711 in 2020, a 3.8 percent decrease from 2019, according to the Social Security Administration.

There were 260 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.

MORE NEWS