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Know your options in the class action settlement involving CalPERS Long-Term Care Plan

September 16, 2021

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Sept. 16, 2021: Updated with additional resources from UC emeriti and retiree associations

If you participated in the Long-Term Care Benefit Plan with California Public Employees’ Retirement System (CalPERS) you may have received information in the mail about a class action settlement (officially referred to as Holly Wedding, et al. V. California Public Employees’ Retirement System, et al., Case No. BC517444; or “Settlement”).

Unlike other benefit plans offered by the University, the Long-Term Care Plan is sponsored and managed independently by CalPERS, not by UC. As such, UC is not a party to this Settlement.

There is an important deadline on Sept. 22, 2021, for submitting an “Individual Award Acknowledgement and Election Form,” should you choose one of the options (option 2) described in the statement. If you do not submit this form by Sept. 22, your eventual options will be limited.

The final deadline to choose is Dec. 13, 2021. You may wish to consult your legal or financial advisor(s) concerning your options under the Settlement. UC is not able to provide legal advice regarding your rights under the Settlement.

Resources from UC emeriti and retiree associations.

To serve their members, UC emeriti and retiree associations have developed resources to help you better understand your options:

Please note: The resources referenced above may contain advice, opinions and statements of the information provider/content provider. UC does not represent or endorse the accuracy or reliability of any advice, opinion, statement or other information provided by any information provider/content provider. Reliance upon any such opinion, advice, statement or other information shall also be at each user’s own risk.

Questions?

The Settlement Administrator has established a website that contains complete information about the proposed settlement, instructions for filing claims, comprehensive FAQs, etc.  They also have a dedicated email address and phone number to answers questions or concerns qualifying participants may have.  If you have questions or need help please contact the Settlement Administrator directly.

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