Offices of CalPERS and CalSTRS are closed today and the next two Fridays this month because of California Gov. Arnold Schwarzenegger's executive order for mandatory state employee furlough days in an effort to close the state's budget gap.
However, the investment staff of the $182.4 billion California Public Employees' Retirement System, Sacramento, are working despite the office closings, according to a news release from the system.
CalPERS and the $122.4 billion California State Teachers' Retirement System, Sacramento, will be closed on July 17 and 24, as well as today, according to news releases from each pension fund.
CalSTRS will be closed on the first, second and third Friday of each month through June 30, 2010, its release said. CalPERS did not say how long furlough days would extend past this month.
Although CalPERS' investment staff will be working, its offices will not be open to the public and deliveries will not be permitted, according to its release.
CalSTRS' investment staff also will be working even when offices are closed.