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Saturday, November 23, 2024

Hoboken ranks 25th in total OASDI beneficiaries in New Jersey in 2019

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There were 21,700 OASDI beneficiaries in Hoboken in 2019, 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 (2019)

RankField OfficeNumber of Beneficiaries
1Hackensack128,695
2New Brunswick107,290
3Neptune103,225
4Cherry Hill102,625
5Egg Harbor101,735
6Parsippany93,925
7Union Township91,055
8Mount Laurel87,465
9Trenton82,830
10Clifton79,835
11Toms River74,290
12Paterson73,355
13Woodbridge66,655
14Jersey City61,165
15Glassboro56,360
16Brick Town48,195
17Bridgeton47,735
18Easton, PA36,365
19East Orange34,155
20Bridgewater31,475
21Newark30,995
22Newton30,860
23Newark, Springfield Ave.26,230
24Rio Grande25,400
25Hoboken21,700
26Stroudsburg, East, PA2,915
27West Nyack, NY15

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