OASDI

Abstract

he federal Old-Age, Survivors, and Disability Insurance (OASDI) program is the official name for Social Security in the United States. The OASDI tax noted on your paycheck is to fund this comprehensive federal benefits program that provides benefits to retirees and disabled people—and to their spouses, children, and survivors. The goal of the program is to partially replace income that is lost due to old age, death of a spouse, or qualifying ex-spouse, or disability.