Social Security Welcomes its New Commissioner
Commissioner Saul expressed his gratitude at being chosen to serve as the Commissioner of Social Security. “The Social Security programs touch the lives of almost every American – serving in this position is a tremendous privilege and an awesome responsibility,” said Commissioner Saul. “I am humbled by the opportunity to help the agency to deliver critical services to the American people.”
Commissioner Saul brings a vast amount of experience to the position. At the federal level, one of Commissioner Saul’s greatest achievements was his work with the Federal Thrift Investment Board (FTIB). In 2002, Commissioner Saul 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, non-profit organizations, and private sector businesses. He started his career in the private sector, growing and managing two large publicly traded apparel chains for over 20 years. He served as Vice Chairman and Chairman of the Finance Committee of the Metropolitan Transportation Authority, New York’s regional transportation system and the country’s largest public transportation network. He also served as Vice Chairman of the Mount Sinai Health System and Chairman of its Audit and Compliance Committee. In addition, he was a Trustee and Chairman of the Audit Committee of the National Gallery of Art. He formerly served as a board member of the United Jewish Appeal Federation of New York.
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 that provides cash assistance to more than 8 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. He and his wife of over 50 years, Denise, have two adult children and three grandchildren.
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