Economy, finance and labor

Executive Order 13063: Level V of the Executive Schedule: Removal of the executive director, Pension Benefit Guaranty Corporation, Department of Labor

President: Bill Clinton

Removed the PBGC Executive Director position from Level V of the Executive Schedule.

Status: Completed/expired.

Is Executive Order 13063 still in effect? No. Completed pay-classification change; later statutes renamed the office and established the current appointment and compensation framework.

What does Executive Order 13063 do?

EO 13063 exercised presidential authority under 5 U.S.C. §5317 to remove the Pension Benefit Guaranty Corporation’s Executive Director from the Level V list. The Pension Protection Act of 2006 established the Senate-confirmed Director position and placed it at Level IV. MAP-21 added a five-year term in 2012. The 1997 order is therefore a historical step in a later-reworked framework.

Administration position: The order changed the position’s pay classification; it did not change pension guarantees, PBGC benefit decisions or the agency’s governing board.
SignedSeptember 30, 1997
PositionPBGC Executive Director
ChangeRemoved from Executive Schedule Level V

Before and after

Before the order

The PBGC Executive Director was listed at Level V under a presidential placement authority.

After the order

The position left that list; later legislation renamed and restructured the office.

Who had to do what

Agency / officeActionTiming / position
OPM and payroll officialsApply the revised pay classificationHistorical
PBGCOperate under later statutory leadership rulesCurrent

What happened next

EO 13063 removed the position from Level V.

The Pension Protection Act established a Senate-confirmed PBGC Director and Level IV compensation.

PBGC updated regulations to use the title Director.

MAP-21 added a five-year Director term, subject to earlier removal.