Plan Modification. In the event that the University plans to substantially modify or eliminate retiree medical or dental insurance or the Medicare supplement plan, it will provide the union with at least 90 days advance notice of its intent to do so. If the union disagrees with these changes, it may, within 15 days of such notice, request consultation over the changes. If after consultation, the union maintains that the University’s proposed changes to or elimination of the plan are arbitrary and capricious, it may grieve the University’s action to the VLRB. In determining whether the University’s action is arbitrary and capricious, the factors to be considered by the VLRB include but are not limited to the following:
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