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Prairie State Wire

Saturday, November 23, 2024

Total OASDI beneficiaries in Illinois decreases in 2021

Werehiring01

There were 2,271,926 total OASDI beneficiaries in Illinois in 2021, according to the official Social Security Administration website.

This is a 0.1 percent decrease from 2020 which had 2,274,372 total beneficiaries.

The Old-Age, Survivors, and Disability Insurance (OASDI) program 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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