Michael D. Johnson, who spearheaded a host of initiatives to modernize and automate Social Security payments, said he is taking early retirement to pursue a career as a private consultant.

Mr. Johnson, 54, spearheaded the Social Security Administration effort that resulted in 75% of beneficiaries receiving their payments through direct deposit. With 35.2 million people participating, the agency's program is the largest originator of automated clearing house transactions.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.