$750K Public Agency Retirement Services Settlement Ends Data Breach Lawsuit

New to ClassAction.org? Read our Newswire Disclaimer

Phase II Systems, doing business as Public Agency Retirement Services (PARS), has agreed to a $750,000 class action settlement to end a lawsuit that alleged the retirement plan administrator failed to adequately protect sensitive information from a March 2024 data breach.

Get class action lawsuit and class action settlement news sent to your inbox – sign up for ClassAction.org’s free weekly newsletter.

The PARS class action settlement received preliminary approval from the court on September 3, 2026. Eligible for the settlement are all United States residents whose personal information was compromised in the security incident experienced by PARS in or around March 2024, including all who received notice of the data breach.

Court documents state that approximately 23,337 people are included in the settlement class.

The court-authorized Public Agency Retirement Services data breach settlement website can be found at PhaseIIDataSettlement.com.

Class members do not need to submit a claim form to receive a pro rata (equal share) cash payment.

The final amount of each class member’s cash payout will depend on the total number of participating class members, among other factors.

Class members who prefer to receive their cash payment electronically can head to this page and enter the login ID and PIN found on their copy of the settlement notice to select their preferred payment method.

The court will determine whether to grant final approval to the Public Agency Retirement Services class action settlement following a hearing on February 1, 2027. Settlement money will begin to be distributed to class members only after final approval has been granted and any appeals have been resolved.

The Public Agency Retirement Services class action lawsuit alleged that the company, which designs, implements and administers customized retirement, pension and benefit programs for public sector agencies, failed to implement reasonable cybersecurity measures to protect private information, including full names and Social Security numbers, from a March 2024 data breach.

Head to ClassAction.org’s settlements page for a complete list of data breach settlements.