Quantcast

Chicago City Wire

Sunday, November 24, 2024

Widow and parent beneficiaries in ZIP Code 60645 decrease in 2020

Adobestock 318102163

Adobe Stock

Adobe Stock

There were 315 total OASDI widow and parent beneficiaries in Illinois ZIP Code 60645 in 2020, a 6 percent decrease from 2019, according to the Social Security Administration.

There were 335 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