Re "Legal attack on S&P widens" (Page A1, Feb. 6): The article states that CalPERS lost nearly $1.32 billion on a series of investments, almost all which received AAA ratings from Standard & Poors. I have no doubt these losses also affected the portfolio of the CalPERS long-term care program.
Premiums have tripled since the program was first offered in 1995. Thousands have dropped the program when they need it the most. We the enrollees have been told that the increases in premiums have been due to poor actuarial assumptions, higher usage by enrollees and poor return on the investments. The rate of return was lowered to 5.5 percent, affecting premiums even more.
The program deserves a share from any money recovered by Attorney General Kamala Harris.
-- Ivonne Richardson, Georgetown