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Monday, November 25, 2024

Hoboken ranks 25th in total OASDI beneficiaries in New Jersey in 2018

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There were 21,615 OASDI beneficiaries in Hoboken in 2018, ranking it 25th in New Jersey, according to the official Social Security Administration website.

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

The following table shows cities ranked by number of beneficiaries in New Jersey.

Field Offices Ranking by Number of Beneficiaries in New Jersey (2018)

RankField OfficeNumber of Beneficiaries
1Hackensack126,940
2New Brunswick105,435
3Cherry Hill101,985
4Neptune101,305
5Egg Harbor99,980
6Parsippany92,040
7Union Township90,470
8Mount Laurel86,275
9Trenton81,475
10Clifton78,930
11Toms River73,750
12Paterson72,510
13Woodbridge65,755
14Jersey City60,570
15Glassboro55,110
16Brick Town48,005
17Bridgeton47,475
18Easton, PA35,650
19East Orange33,725
20Newark31,055
21Bridgewater30,880
22Newton30,135
23Newark, Springfield Ave.26,245
24Rio Grande25,150
25Hoboken21,615
26Stroudsburg, East, PA2,855
27West Nyack, NY15

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