By Payroll and Entitlements Editorial Staff
Andrew M. Saul recently was sworn in as the new Commissioner of Social Security at the agency’s office in Washington, D.C. He will serve a six-year term that expires on January 19, 2025.
Commissioner Saul brings much experience to the position. At the federal level, one of his achievements was his work with the Federal Thrift Investment Board (FTIB). In 2002, he became Chairman of the FTIB, which administers the Thrift Savings Plan (TSP). The TSP provides military and federal employees the opportunity to save for additional retirement security. Commissioner Saul led the board to modernize systems and restructure executive staff. Through effective changes, he increased participation and reduced participant costs. In addition to his federal service, Commissioner Saul has served and worked within numerous state and local governments, nonprofit organizations, and private sector businesses.
Commissioner Saul will be responsible for administering the Social Security retirement, disability, and survivors insurance programs that pay over one trillion dollars annually in benefits to approximately 64 million beneficiaries, as well as the Supplemental Security Income program, which provides cash assistance to more than eight million people with limited income and resources. The agency has a national workforce of about 63,000 employees and 1,500 facilities across the country and around the world.
Commissioner Saul is from New York. He is a graduate of the Wharton School of Finance at the University of Pennsylvania and serves on its Board of Overseers (SSA blog, https://blog.ssa.gov).
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