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LSDefine

Simple English definitions for legal terms

Old Age, Survivors, Disability Insurance (OASDI)

Read a random definition: Lord Clerk Register

A quick definition of Old Age, Survivors, Disability Insurance (OASDI):

The Old-Age, Survivors, and Disability Insurance (OASDI) is a program that helps people who are retired, disabled, or have lost a spouse. It gives them money every month based on how much they earned when they were working. The program started in 1935 and is funded by taxes that workers pay. Almost everyone who is 65 or older gets benefits from this program.

A more thorough explanation:

The Old-Age, Survivors, and Disability Insurance (OASDI) is a federal insurance program that provides benefits to retired and/or disabled workers and their dependents (spouses, children) and to survivors of insured workers. The OASDI is the official name for Social Security in the United States.

For example, if a person becomes disabled and can no longer work, they may be eligible to receive monthly payments from the OASDI program to partially replace their lost income. Similarly, if a worker passes away, their surviving spouse and children may be eligible to receive benefits from the program.

The OASDI program is funded by taxes collected from workers' paychecks. These taxes are used to provide benefits to those who have paid into the program during their working years. The amount of benefits a person receives is based on their earnings history.

The OASDI program was adopted in 1935 during the Great Depression and has since provided financial support to millions of Americans. In 2022, the average monthly benefit received by OASDI recipients is $1,657.

Overall, the OASDI program plays an important role in providing financial security to retired, disabled, and surviving workers and their families.

Oklahoma | Older Workers Benefit Protection Act (OWBPA)

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Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
BulbasaurNoLikeCardio
7:51
@texaslawhopefully: best prices and only fast food that doesn't make me sick
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