Economy

California's UC regents approve furlough plan

The University of California Regents Committee on Finance approved on Wednesday a budget reduction plan that will furlough UC employees at levels equal to a 4 to 10 percent salary reduction.

The goal of the furlough plan is to save $181.4 million in salary expenditures between Sept. 1, 2009 and Sept. 1, 2010.

The university is trying to offset an anticipated $813 million reduction in support from the state general fund.

About 860 UC Merced employees would be hurt by the cuts, according to a staffing snapshot from last November. Student workers are not subject to the cut.

Employees will be subject to 11 to 26 unpaid days next year, with higher-paid employees taking larger cuts.

Read the complete story at mercedsunstar.com

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