Title 42 — The Public Health and WelfareRelease 119-84

§7405 SALARIES AND COMPENSATION RIGHTS.

Title 42 › Chapter CHAPTER 95— - UNITED STATES SYNTHETIC FUELS CORPORATION › Subchapter SUBCHAPTER X— - TERMINATION OF CORPORATION › § 7405

Last updated Apr 22, 2026|Official source

Summary

By February 1, 1986, the OPM Director must decide how much pay and benefits each Corporation director, officer, and employee was owed under contracts as of April 7, 1986. Starting April 7, 1986, changes to their pay or benefits need OPM approval as reasonable; no one may be paid above the basic pay rate for Level IV of the Executive Schedule (Title 5); and the Corporation cannot waive By-Laws or written personnel rules needed to qualify for pension or termination benefits that were in effect on April 7, 1986.

Full Legal Text

Title 42, §7405

The Public Health and Welfare — Source: USLM XML via OLRC

“(a)The Director of the Office of Personnel Management shall, before February 1, 1986, determine the amount of compensation or benefits which each Director, officer, or employee of the Corporation shall be legally entitled to under any contract as of the date of enactment of this Act [Apr. 7, 1986].

“(b)Effective on the date of enactment of this Act [Apr. 7, 1986], no change in any Director, officer, or employee compensation or benefits shall be allowed or permitted, unless the Director of the Office of Personnel Management agrees that such change is reasonable.

“(c)Effective on the date of enactment of this Act [Apr. 7, 1986]—

“(1)no officer or employee of the Corporation shall receive a salary in excess of the rate of basic pay payable for level IV of the Executive Schedule under title 5 of the United States Code; and

“(2)the Corporation shall not waive any requirements in its By-Laws which are necessary for a Director, officer, or employee to qualify for pension or termination benefits under the By-Laws and written personnel policies and procedures in effect on the date of enactment of this Act [Apr. 7, 1986].

Reference

Citations & Metadata

Citation

42 U.S.C. § 7405

Title 42 — The Public Health and Welfare

Last Updated

Apr 22, 2026

Release point: 119-84