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Total OASDI retired beneficiaries in New Mexico zip 87053 increases in 2018


By Local Labs News Service | Oct 21, 2019


There were 125 total OASDI retired beneficiaries in New Mexico zip code 87053 in 2018, a 4.2 percent increase over 2017, which had only 120 total retired beneficiaries, 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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