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California pension fund agrees to $2.7 billion lawsuit deal

JULY 14, 2021 | by Associated Press | CBS SACRAMENTO (CALIFORNIA)

AP story, includes “The California Public Employees’ Retirement System, or CalPERS, has agreed to settle a class-action lawsuit over the fee hikes that were imposed on nearly 80,000 people who paid for policies to cover the long-term costs of nursing care and included ‘inflation-protection’ coverage, according to a joint news release from CalPERS and the plaintiffs.” 

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