The Information below is from the bulletin published online by KCT Legal on the website http://
On July 22, 2021 the Court granted preliminary approval of the class action settlement reached with CalPERS in the case Wedding v. CalPERS. “Preliminary Approval” does not mean that the settlement is officially approved. Instead, it means that the Court believes the settlement is sufficient to allow notice to be sent to the Class. The court will then consider comments from the class and conduct a second hearing on June 8, 2022 to determine whether the settlement should be granted “Final Approval.” The settlement will not be “final” until after it is approved by the Court next year. A PowerPoint used during the hearing to grant Preliminary Approval can be viewed by clicking here and the transcript of the hearing is available here.
PURSUANT TO THE COURT’S ORDER, NOTICE WILL BE SENT TO CLASS MEMBERS DURING THE LAST TWO WEEKS OF AUGUST. THE NOTICE WILL DESCRIBE EVERY ASPECT OF THE SETTLEMENT AND PROVIDE DETAILED INFORMATION CONCERNING WHAT EACH CLASS MEMBER WILL RECEIVE FROM THE SETTLEMENT IF IT IS FINALLY APPROVED. ALSO, THERE WILL BE A LARGE CALL CENTER THAT WILL BE AVAILABE TO ANSWER ANY QUESTIONS YOU MIGHT HAVE ABOUT THE SETTLEMENT. IF YOU HAVE ANY QUESTIONS ABOUT THE SETTLEMENT, PLEASE WAIT UNTIL YOU RECEIVE THE NOTICE SINCE IT WILL LIKELY ANSWER ANY QUESTIONS YOU MAY HAVE AND WILL DESCRIBE IN DETAIL ALL OF YOUR OPTIONS. IF YOU DO NOT RECEIVE THE NOTICE BY THE END OF AUGUST, PLEASE CALL US.
Also, because the settlement is not yet “final” it is imperative that settlement class members who are current policyholders continue paying their premiums to CalPERS until the settlement is finally approved by the Court. If you let your CalPERS Long-Term Care Policy lapse or cancel it, this could significantly impact what you will receive from the settlement and may leave you uninsured.
