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Intel Retirees Seek Cert. In ERISA Suit Over Annuity Changes

By Dorothy Atkins ( April 21, 2025, 9:34 PM EDT) -- A proposed class of nearly 2,000 Intel Corp. retirees urged a California federal judge on Monday to certify the retirees' Employee Retirement Income Security Act claims alleging Intel relied on outdated mortality assumptions when it converted their single life annuities to a joint and survivor design, resulting in lower payouts....

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