Old Age, Survivors and Disability Insurance Program - OASDI
The official name for Social Security in the United States.
Investopedia Commentary
OASDI is a comprehensive federal benefits program developed in 1935. The program includes retirement benefits, disability income, veteran's pension, public housing, and even the food stamp program. The Social Security tax is used to pay for the program.
Related Links
Introductory Tour through Retirement Plans
Retirement Planning Basics
See also: Canadian Pension Plan - CPP, Pension Plan, Social Security
Also spelled: OASDI