McDaniel

Charles R. McDaniel, a participant of the Chevron Corporation Retirement Plan, and a class of similarly situated plaintiffs (collectively, the “class”) appeal from the district court’s final order granting summary judgment in favor of the Chevron Corporation (“Chevron”), the Chevron Corporation Retirement Plan (the “Chevron Plan”), and the Chevron Corporation Retirement Plan Administrator (the “Plan Administrator”). 1 The class primarily contends that the Plan Administrator violated the unambiguous requirements of the Chevron Plan in calculating the amount of retirement benefits that must be paid to participants who elect to receive actuarially equivalent benefits, including a single lump sum payment of cash. The restatement of the plan provided that those benefits would be calculated either “based on” or “in accordance with” the mortality assumptions set forth in the “UP-1984 Mortality Table.” The Plan Administrator interpreted the Chevron Plan’s reference to the “UP-1984 Mortality Table” as authorizing a nine month set forward to avoid understating the correct mortality assumptions due to the difference in life expectancy of males and females.

We have jurisdiction pursuant to…