MESKILL, Circuit Judge:
For many years, the International Multifoods Corp. (Multifoods) paid the entire premium required to provide medical insurance to its retirees. However, in 1992 Multifoods announced that in the future, if premiums increased at a rate faster than an inflationary measure selected by Multifoods, the retirees would have to pay the difference to maintain medical insurance.
The American Federation of Grain Millers (AFGM), several of AFGM's...
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