Office of Compliance--Retroactive Salary Increase

As authorized by statute, the designated official at the Office of Compliance, on February 1, 2008, increased the compensation level of certain officers. The official states that she intended to increase these salaries to the applicable statutory cap, but because of erroneous information, salaries were set at a level below the actual statutory cap. However, because there is no contemporaneous documentation establishing with certainty the actual salary increase intended by the official at the time of her determination, the designated official may not adjust the pay level retroactively.