Old Age and Survivors Insurance

Old Age and Survivors Insurance (OASI) is a program in the U.S. that provides financial support to retirees and the families of deceased workers. Funded through payroll taxes, it helps ensure income during retirement and offers benefits to survivors, such as spouses and children, after a worker's death. The goal is to promote financial stability and security for individuals as they age or face the loss of a loved one. Benefits are based on work history and earnings, functioning as a safety net to support economic well-being during life’s later stages or in the event of a loved one's passing.