Minnesota State Wire

There were 807,380 total OASDI retired beneficiaries in Minnesota in 2020, according to the official Social Security Administration website.

This is a 2.9 percent increase over 2019 which had 784,382 total retired beneficiaries.

The Old-Age, Survivors, and Disability Insurance (OASDI) program 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.