What Does OASDI Stand For?
OASDI stands for Old Age Survivors And Disability Insurance
OASDI, or Old Age Survivors and Disability Insurance, is a federal program in the United States designed to provide financial support to eligible individuals. This program offers retirement benefits to older adults, survivor benefits to families of deceased workers, and disability benefits to individuals who are unable to work due to a qualifying medical condition. Funded through payroll taxes under the Federal Insurance Contributions Act (FICA), OASDI aims to ensure economic security for the country's aging population, disabled individuals, and their dependents.
Added on 27th September 2008 | Last edited on 16th June 2025 | Edit Acronym