CalPERS Long-Term Care Class Action Settlement

As you may know, a New Settlement was preliminarily approved by the Court on March 10, 2023. Based on the Court’s Preliminary Approval Order, a notice packet will be mailed and emailed to Settlement Class Members on April 7, 2023. This notice packet will explain in detail all the terms of the New Settlement, your options under the New Settlement, and how the New Settlement will impact your Long-Term Care coverage. Additionally, this website will be updated with a list of Frequently Asked Questions (FAQs) to help answer any questions you may have about the New Settlement.

It is important to understand that the proposed New Settlement is not yet final. Therefore, you should continue paying premiums and making other decisions regarding your CalPERS Long-Term Care policy as if there was no settlement at all. We expect that that the Court will conduct the hearing to determine whether to grant final approval of the New Settlement at the end of July 2023.