Widow and parent beneficiaries in ZIP Code 62441 decrease in 2020

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By East Central Reporter

Dec 31, 2021

There were 120 total OASDI widow and parent beneficiaries in Illinois ZIP Code 62441 in 2020, an 11.1 percent decrease from 2019, according to the Social Security Administration.

There were 135 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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