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Interior Alaska News

Wednesday, November 27, 2024

Fairbanks ranks second in Alaska total retired beneficiaries in 2018

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There were 11,725 OASDI retired 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 Social Security field offices ranked by number of retired workers in Alaska.

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

RankField OfficeNumber of Retired Workers
1Anchorage50,660
2Fairbanks11,725
3Juneau9,400

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