Myrtle Beach Leader

There were 8,255 total OASDI retired beneficiaries in South Carolina zip code 29579 in 2018, an 11.3 percent increase over 2017, which had only 7,415 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.