US - Finance - Government

The “OASDI (Old-Age, Survivors, and Disability Insurance) tax” is the official name for the U.S. Social Security tax that funds benefits for “retirees, survivors of deceased workers, and individuals with disabilities.” OASDI revenues go into two separate “trust funds” (the OASI Trust Fund and the DI Trust Fund), rather than the general Treasury. This earmarking means Congress cannot spend Social Security payroll taxes on unrelated programs.

Those who are blind, “65 years of age or older,” or have a qualifying impairment and have little money or resources are eligible for monthly compensation from SSI. SSI is also available to blind or disabled “children.” The “Supplemental Security Income” (SSI) program is run by Social Security.