ExecutiveOrdersEO
MemoMemorandumG.W. Bush · R

Presidential Memorandum

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

This memorandum establishes an order of succession for the Pension Benefit Guaranty Corporation (PBGC), specifying which officials will act as Director if the position becomes vacant due to death, resignation, or incapacity. It designates four PBGC officers in priority order and includes exceptions for acting officials and eligibility requirements under the Federal Vacancies Reform Act.

Federal Register Open PDF 73 FR 75533

Impact dates

  1. Filed for Federal Register publication

Key directives

  • Establish order of succession: Deputy Director for Operations, Chief Management Officer, Chief Operating Officer, General Counsel
  • Exclude acting officials from succession
  • Require Federal Vacancies Reform Act eligibility
  • Preserve presidential discretion to depart from designated succession

Who is ordered

Timeline

Immediate

  • Order of succession takes effect upon publication in Federal Register

Near term (90d)

—

Long term

  • Establishes permanent succession framework for PBGC leadership continuity

Risks & tensions

  • Presidential discretion clause in Section 2(c) may undermine fixed succession order in practice
  • No right or benefit created—limits enforceability by affected parties
Presidential Memorandum: Designation of Officers of the Pension Benefit Guaranty Corporation To Act As Director of the Pension Benefit Guaranty Corporation · Executive Orders