Title 42 — The Public Health and WelfareRelease 119-90

§7405 Salaries and Compensation Rights.

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

Last updated May 14, 2026|Official source

Summary

The Director of the Office of Personnel Management must, by February 1, 1986, decide how much pay or benefits each director, officer, or employee of the Corporation is legally owed under any contract as of April 7, 1986. Starting April 7, 1986, no changes to their pay or benefits can happen unless that Director agrees the change is reasonable. Also, from that date no officer or employee may be paid more than the basic pay for Executive Schedule level IV (under title 5), and the Corporation cannot drop any by‑law or written policy rule needed for someone to get 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

May 14, 2026

Release point: 119-90