What Is Old Age Survivors And Disability Insurance?

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    Peggy Mace
    Most of the U.S.
    The Old Age, Survivors, and Disability Insurance program is another name for Social Security. It was set up by Congress as part of the Social Security Act in 1935. It is funded by Social Security taxes and provides benefits to persons over age 65, the disabled, and survivors of eligible persons. 
    Answered on July 26, 2013
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