Berkeley v. Intel Corporation

District Court, N.D. California·Decided June 27, 2025·No. 5:23-cv-00343·Unknown

Opinion

Case No. 5:23-cv-00343-EJD GREGG BERKELEY,

Plaintiff, ORDER GRANTING MOTION FOR CLASS CERTIFICATION v. Re: Dkt. No. 76

INTEL CORPORATION, et al.,

Defendants. Plaintiff Gregg Berkeley (“Berkeley”) brings this class action against Defendants Intel Corporation and the Administrative Committee of the Intel Minimum Pension Plan (collectively, “Intel”) alleging violations of the Employee Retirement Income Security Act of 1974 (“ERISA”) and breaches of Intel’s fiduciary duties. Compl., ECF No. 1. Before the Court is Berkeley’s motion for class certification. Mot., ECF No. 76; Opp’n, ECF No. 80; Reply, ECF No. 83. The Court held a hearing on May 1, 2025, and heard oral arguments from all parties. ECF No. 87. For the reasons stated below, the Court GRANTS Berkeley’s motion. I. BACKGROUND Berkeley and a proposed class of approximately 1,847 Intel retirees or their surviving spouses allege Intel violated ERISA by converting their single life annuity (“SLA”) to a joint and survivor annuity (“JSA”) using unreasonable actuarial assumptions in the Intel Minimum Pension Plan (“MPP”). Mot. 1. The proposed class is defined as follows: All Plan participants and beneficiaries who are receiving a joint and survivor annuity (or, for beneficiaries whose spouses died before commencing benefits, a pre-retirement survivor annuity) which is less than the value of the single life annuity converted to a joint and survivor annuity using the interest rates and mortality tables set forth in 26 U.S.C. § 417(e) with an annual stability and August lookback period. Id. at 10. An SLA is an annuity payable monthly upon retirement for the duration of the participant’s life. MPP § 5(d)(i), ECF No. 76-7. SLAs are the default benefit for unmarried participants. Id. §§ 5(d)(ii)–(iii). A JSA is an annuity payable monthly where different portions of retirees’ monthly payments continue to their surviving spouse or designated beneficiary after their death. Id. Because a JSA provides a stream of payments over the course of two lives, the monthly payment may be adjusted downward. Expert Report of Ian Altman (“Altman Report”) 7–8, ECF No. 86-1. Under ERISA, JSAs for married retirees must be “actuarily equivalent” to SLAs for single retirees. 26 C.F.R. § 1.401(a)-11(b)(2). To accomplish this, pension plan administrators may use certain “reasonable actuarial factors” to convert SLA payments to JSA payments, i.e., mortality rates and interest rates. Id. The MPP currently converts SLAs to JSAs using the mortality table published by the Society of Actuaries in 1983 (“GAM-83 mortality table”), customized with an adjusted gender blend and interest rates set by the Pension Benefit Guaranty Corporation (“PBGC interest rates”). Id. § 2(a); First Am. to Plan Document, ECF No. 76-8. Berkeley contends that the GAM-83 mortality table and PBGC interest rates are outdated and unreasonable actuarial assumptions that do not create “actuarily equivalent” benefits. To comply with ERISA, Berkeley argues the MPP must convert SLAs to JSAs using the higher interest rates and mortality tables set forth in 26 U.S.C. § 417(e). In connection with § 417(e), the government periodically publishes updated mortality studies prepared by the Society of Actuaries and interest rates reflecting contemporary market conditions.1 Altman Report 19–20.

1 The Court notes that this case presents a relatively new theory of liability. The first cases alleging that a plan used unreasonable actuarial assumptions to convert SLAs to JSAs under 26 C.F.R. § 1.401(a)-11(b)(2) arose in 2018, and there are few cases examining class certification on this theory. See, e.g., Urlaub v. Citgo Petroleum Corp., No. 21-cv-5133, 2024 WL 2209538 II. LEGAL STANDARD Rule 23 sets forth the two-step process for certifying class actions. First, a plaintiff must establish: (1) the class is so numerous that joinder of all members is impracticable; (2) there are questions of law or fact common to the class; (3) the claims or defenses of the representative parties are typical of the claims or defenses of the class; and (4) the representative parties will fairly and adequately protect the interests of the class. Fed. R. Civ. P. 23(a). Second, the plaintiff must show that the proposed class fits into one of the three categories of Rule 23(b). Relevant here, the first category in Rule 23(b)(1) is satisfied if: prosecuting separate actions by or against individual class members would create a risk of: (A) inconsistent or varying adjudications with respect to individual class members that would establish incompatible standards of conduct for the party opposing the class; or (B) adjudications with respect to individual class members that, as a practical matter, would be dispositive of the interests of the other members not parties to the individual adjudications or would substantially impair or impede their ability to protect their interests. Fed. R. Civ. P. 23(b)(1). To meet their obligations under Rule 23, plaintiffs “must actually prove—not simply plead—that their proposed class satisfies each requirement of Rule 23” by a preponderance of the evidence. Olean Wholesale Grocery Coop., Inc. v. Bumble Bee Foods LLC, 31 F.4th 651, 664–65 (9th Cir. 2022) (en banc) (citation omitted), cert. denied, 143 S. Ct. 424 (2022). Courts must conduct a “rigorous” analysis of the Rule 23 factors that will often “entail some overlap with the merits of the plaintiff’s underlying claim.” Ellis v. Costco Wholesale Corp., 657 F.3d 970, 980 (9th Cir. 2011) (quoting Wal-Mart Stores, Inc. v. Dukes, 564 U.S. 338, 351 (2011)). However, “Rule 23 grants courts no license to engage in free-ranging merits inquiries at the certification stage. Questions of merit may be considered to the extent—but only to the extent—that they are

Free access — add to your briefcase to read the full text and ask questions with AI

Berkeley v. Intel Corporation, (N.D. Cal. 2025).

Berkeley v. Intel Corporation (Berkeley v. Intel Corporation) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Related