People whose personal information was compromised in the March 2024 cyberattack on Phase II Systems, doing business as Public Agency Retirement Services (PARS), will be paid automatically from the PARS data breach class action settlement; there is no claim form to file. Final approval will be considered February 1, 2027.
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No. Class members who do not opt out receive a pro rata cash payment automatically. A check is mailed by default; class members can instead choose an E-Mastercard, PayPal, Venmo or Zelle payment on the settlement website using the LoginID and PIN from their postcard notice.
The net fund is split equally among the roughly 23,337 class members who do not opt out. If the court approves the requested $210,000 in fees and costs, a $3,000 service award and up to $88,000 in administration costs, about $449,000 would remain, or roughly $19 per person by OCA’s estimate. The actual amount depends on the court’s rulings and the number of opt-outs.
Only after final approval. The final approval hearing is set for February 1, 2027, and payments are due within 30 days after the settlement becomes final, which happens only after any appeals are resolved.
According to the settlement notice, files accessed in a targeted cyberattack on PARS in March 2024 may have contained full names and Social Security numbers. PARS denies wrongdoing.