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Interior Alaska News

Thursday, November 28, 2024

Fairbanks ranks second in total OASDI beneficiaries in Alaska in 2018

Nowhiring07

There were 17,040 OASDI beneficiaries in Fairbanks in 2018, ranking it second in Alaska, 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 Alaska.

Field Offices Ranking by Number of Beneficiaries in Alaska (2018)

RankField OfficeNumber of Beneficiaries
1Anchorage71,710
2Fairbanks17,040
3Juneau12,330

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