Gibbens joins the Treasury from the Office of Strategic Capital, a unit of the Department of Defense that invests in areas critical to national security.

The SSA recently set a staffing target of 50,000, down from its current level of approximately 57,000 employees, according to the announcement.

MFS found that plan sponsors earned a C+ grade for their confidence in their participants’ ability to retire at the age they want, while participants themselves showed more confidence.