What Does OASDI Stand For?
OASDI stands for Old Age And Survivors Insurance And Disability Insurance
OASDI, or Old Age and Survivors Insurance and Disability Insurance, is a federal program in the United States that provides financial support to eligible individuals in the form of retirement benefits, survivor benefits for dependents of deceased workers, and disability benefits for those unable to work due to a qualifying medical condition. Funded through payroll taxes under the Federal Insurance Contributions Act (FICA), OASDI aims to ensure a basic level of economic security for retirees, survivors, and individuals with disabilities.
Added on 14th April 2008 | Last edited on 16th June 2025 | Edit Acronym