Section 1. The compensation Schedule for the Career Executive Service, as provided in Section 1 of Presidential Decree No. 847, is hereby revised as follows:
"a. COMPENSATION SCHEDULE
(Annual Rates)
"Rank Grade 1 Grade 2 Grade 3 Grade 4
I P55,536 P58,368 P- P-
II 45,540 47,856 50,292 52,848
III 39,240 41,232 43,332 45,540
IV 33,816 35,532 37,344 39,240
V 29,148 30,624 32,184 33,816
"b. POSITIONS COVERED
"The various ranks in the Career Executive Service cover the following positions, and such other positions as may be determined to be of equivalent category by the Career Executive Service Board:
Rank I Deputy Minister
Rank II Assistant Secretary Bureau Director Regional Director (Department-wide Regionalization)
Rank III Assistant Bureau Director Assistant Regional Director (Department-wide Regionalization)
Rank IV Regional Director (Bureau-wide Regionalization) Ministry Service Chief
Rank V Assistant Regional Director (Bureau-wide Regionalization)