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Saturday, November 23, 2024

Newport ranks fourth in Rhode Island total retired beneficiaries in 2018

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There were 14,545 OASDI retired 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 Social Security field offices ranked by number of retired workers in Rhode Island.

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

RankField OfficeNumber of Retired Workers
1Providence60,390
2West Warwick43,510
3Pawtucket18,775
4Newport14,545
5Woonsocket11,775
6New London, CT7,575

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