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NE New Mexico News

Tuesday, November 26, 2024

Total OASDI disabled beneficiaries in New Mexico zip 87564 remains the same in 2019

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There were five total OASDI disabled beneficiaries in New Mexico zip code 87564 in 2019, which is unchanged from 2018, according to the official Social Security Administration website.

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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