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OASDI

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AcronymDefinition
OASDIOld-Age, Survivors, and Disability Insurance (US Social Security)


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Information about beneficiaries needed to administer the OASDI program resides on SSA's Master Beneficiary Record (MBR) file, which in December 2004 contained records for approximately 47 million individuals who were entitled to receive a Social Security (OASDI) benefit for that month.
The OASDI component applies only to the first $90,000 (for 2005; indexed annually for inflation) of SE income; the second part, Medicare, applies to all SE income.
In their 2005 report, the Social Security Trustees projected that the combined OASDI trust funds would be exhausted in 2041.
 
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