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Saturday, November 23, 2024

Spencer ranks 15th in total OASDI beneficiaries in Iowa in 2019

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There were 22,730 OASDI beneficiaries in Spencer in 2019, ranking it 15th in Iowa, 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 Iowa.

Field Offices Ranking by Number of Beneficiaries in Iowa (2019)

RankField OfficeNumber of Beneficiaries
1Des Moines105,955
2Waterloo72,405
3Davenport59,365
4Cedar Rapids58,150
5Sioux City40,950
6Ottumwa40,825
7Dubuque35,840
8Ames29,100
9Council Bluffs28,955
10Mason City27,685
11Creston27,090
12Fort Dodge25,975
13Burlington25,765
14Coralville25,755
15Spencer22,730
16Carroll21,160
17Marshalltown9,025

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