GORSUCH, Circuit Judge.
Solvay could never be sure just how much its pension plan would affect its bottom line. Because it promised retirees a defined benefit, the company was on the hook to cover the difference whenever the plan's performance fell short. In 2000, Solvay didn't have to contribute anything. But in 2003, it had to meet a $23 million shortfall. Displeased with the volatility of this arrangement — not to mention the cost — Solvay decided...
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