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CalPERS to pay $800 million settlement over claims it misled retirees on costs of long-term care insurance

CalPERS to pay $800 million settlement over claims it misled retirees on costs of long-term care insurance
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CalPERS to pay $800 million settlement over claims it misled retirees on costs of long-term care insurance

CalPERS to pay $800 million settlement over claims it misled retirees on costs of long-term care insurance
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CalPERS to pay $800 million settlement over claims it misled retirees on costs of long-term care insurance

CalPERS to pay $800 million settlement over claims it misled retirees on costs of long-term care insurance
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Foreign investors beat challenge to their priority in stalled, $1.8 billion downtown LA project

Foreign investors beat challenge to their priority in stalled, $1.8 billion downtown LA project
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CalPERS agrees to pay $2.7 billion to settle suit over long-term care insurance premiums


CalPERS agrees to pay $2.7 billion to settle suit over long-term care insurance premiums
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The California Public Employees’ Retirement System building in Sacramento — a settlement has been reached in a lawsuit over premium increases in a CalPERS long-term care insurance program.Max Whittaker/Getty ImagesShow MoreShow Less
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The 2013 letter from CalPERS informing policyholders of the 85% increase in long-term care insurance premiums.Michael Macor/The Chronicle 2013Show MoreShow Less
California’s retirement system for state and local government employees has agreed to pay $2.7 billion to nearly 80,000 workers and their families to settle a suit over increases in premiums since 2015 to cover long-term care in nursing homes and other facilities.

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