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Saturday, November 23, 2024

Newport ranks fourth in total OASDI beneficiaries in Rhode Island in 2018

Werehiring06

There were 19,420 OASDI beneficiaries in Newport in 2018, ranking it fourth in Rhode Island, according to the official Social Security Administration website.

The Old-Age, Survivors, and Disability Insurance (OASDI) 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.

The following table shows cities ranked by number of beneficiaries in Rhode Island.

Field Offices Ranking by Number of Beneficiaries in Rhode Island (2018)

RankField OfficeNumber of Beneficiaries
1Providence88,515
2West Warwick60,465
3Pawtucket28,480
4Newport19,420
5Woonsocket18,305
6New London, CT10,240

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