O'SCANNLAIN, Circuit Judge:
Nine former, long-term employees of Caterpillar appeal from the district court's dismissal of their claims. They contend that the company's calculation of their pension and retiree medical benefits constitutes a breach of fiduciary duty under the Employee Retirement Income Security Act of 1974 ("ERISA"), 29 U.S.C. §§ 1001-1461 (1988). We now affirm.
I
Each of the appellants has devoted between seventeen and twenty...
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