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OASDI

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


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Categories: Income Security, 401(k) plans, Cost analysis, Employee retirement plans, Employees, Federal regulations, Financial management, Funds management, Income statistics, Individual retirement accounts, Loan defaults, Loan repayments, Loans, Losses, OASDI, Pay, Pensions, Recession, Retirement income
OASDI insures all workers and their families against these universal risks, while spreading the costs and benefits of that insurance protection among the entire workforce.
As with the OASDI component, one half of this tax is deducted from the employee's compensation, while the employer pays the other half.
 
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