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MemoMemorandumObama · D

Presidential Memorandum

Designation of Officers of the Pension Benefit Guaranty Corporation To Act as Director of the Pension Benefit Guaranty Corporation

This memorandum establishes the order of succession for the Pension Benefit Guaranty Corporation (PBGC) Director position, listing four senior officers who would serve as acting Director in case of vacancy or incapacity. It supersedes a 2008 memorandum from the prior administration and includes standard limitations and presidential discretion provisions.

Federal Register Open PDF 78 FR 8953

Impact dates

  1. Publication in Federal Register

Key directives

  • Establish order of succession: Chief Management Officer, Chief Operating Officer, Chief Financial Officer, General Counsel
  • Prohibit acting officials from serving as Director under this memorandum
  • Require eligibility under Federal Vacancies Reform Act
  • Preserve presidential discretion to depart from this designation
  • Supersede December 9, 2008 memorandum
  • Direct publication in Federal Register

Who is ordered

Timeline

Immediate

  • Order of succession takes effect immediately upon signing

Near term (90d)

  • Publication in Federal Register (directed but not deadline-bound)

Long term

  • Continuity of PBGC leadership during future vacancies

Risks & tensions

  • Standard succession planning with limited substantive tension
  • Presidential discretion clause (Sec. 2(c)) preserves flexibility but creates potential uncertainty if invoked
Presidential Memorandum: Designation of Officers of the Pension Benefit Guaranty Corporation To Act as Director of the Pension Benefit Guaranty Corporation · Executive Orders