Title 42 — The Public Health and WelfareRelease 119-100

§7405 Salaries and Compensation Rights.

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

Last updated Jul 2, 2026|Official source

Summary

The Director of the Office of Personnel Management must, by February 1, 1986, decide how much pay and benefits each Director, officer, and employee of the Corporation was legally entitled to under any contract as of April 7, 1986. Starting April 7, 1986, no pay or benefit changes are allowed unless that OPM Director approves them as reasonable. Also starting that date, no officer or employee may get pay higher than the basic pay for Executive Schedule level IV under title 5, and the Corporation may not waive by‑law rules needed for someone to qualify for pension or termination benefits under the by‑laws and written personnel policies 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

Jul 2, 2026

Release point: 119-100