CUCEA Releases Guidance on CalPERS Settlement

August 30, 2021

If you purchased Long-Term Care (LTC) Insurance from CalPERS and included inflation coverage, you should have received a recent mailing describing the tentative settlement in a class action suit triggered by the premium increases that took effect in 2015 and 2016. The Council of University of California Emeriti Associations (CUCEA) recently released information on the CalPERS LTC Settlement. You should carefully read the options available to you and make a choice. 

There is an important deadline, Sept. 22, 2021, to submit an “Individual Award Acknowledgement and Election Form,” should you choose Option 2 (described in the statement). If you do not submit this form in time, your eventual options will be limited. The final deadline to choose is December 13, 2021. You may wish to consult your legal or financial advisor(s) concerning your options under the Settlement.