CalPERS CEO Anne Stausboll sent an e-mail to employees on Thursday, restating the fund's furlough policy. The punchline: Two-day furloughs remain in effect until the new SEIU deal is approved by the Legislature and signed by Gov. Arnold Schwarzenegger.
Once this happens, we are expecting additional direction from the Department of Personnel Administration on how the furlough will apply to excluded employees associated with the SEIU Bargaining Units, as well as to employees not covered by these contracts, and associated excluded employees.
You can read the CalPERS furlough memo here.