As we reported in this July 16 TSW blog post, CalPERS is thinking about dumping furloughs and returning to a regular work schedule. It appears that Gov. Arnold Schwarzenegger's decision to add a third furlough day starting last month prompted the fund's leaders to take a second look at their decision to go along with the order.
The board met in Folsom earlier this week and the agenda included furlough policy.
Here's what came of it, according to CalPERS CEO Anne Stausboll's e-mail to staff:
From: Stausboll, Anne
Sent: Friday, July 31, 2009 3:43 PM
To: Exchange Users, All
Subject: Furlough UpdateAs mentioned at our All Staff Forum last week, we discussed the issue of the furloughs at a closed session of the CalPERS Board offsite on Wednesday. Based on the results of this discussion, we are continuing our legal analysis. There is more work to do, and we will be updating the Board again in closed session on August 17. During August, we will continue having furloughs. We will continue with the same plan we had in July. Employees will not work on furlough Fridays, except for the limited number of employees who are required to take a rolling furlough day. Again, your supervisor will let you know if you are to take a rolling furlough day.
I want to thank all of you who have shared your concerns and ideas with me, and to let you know that those were shared with the Board. I appreciate your patience and your understanding.
Anne
Anne Stausboll l Chief Executive Officer l CalPERS Executive Office
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