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CalPERS Long Term Care (LTC) Update: ...This second settlement offers the nearly 80,000 policyholder class members the opportunity to keep in place their existing long-term care policy and receive a cash payment and a moratorium on premium increases through the end of October 2024, or to receive a premium refund of 80% of all premiums paid (less benefits received) in exchange for surrendering their LTC policy.
Full news release: https://www.calpers.ca.gov/page/newsroom/calpers-news/2023/court-grants-preliminary-approval-to-second-settlement-in-calpers-long-term-care-class-action