Widow and parent beneficiaries in ZIP Code 60803 decrease in 2020

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By South Cook News

Dec 31, 2021

There were 255 total OASDI widow and parent beneficiaries in Illinois ZIP Code 60803 in 2020, a 1.9 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.

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