Interesting articles regarding pension funds, state government and management.
Cutler, Verne C.
Verne C. Cutler, PhD, of River Hills. Son of the late Jesse C. Cutler and Mabel Cutler of Beaver Lake, WI. On Monday, June 18, 2018 loved and loving husband, father, grandfather and great grandfather passed into the hands of our Lord at Zilber Family Hospice at the age of 92. He is survived by his loving wife, Charlene Yaunke Cutler, his sons Robert of River Hills and David (Sabrina) of Marshall WI, his daughters Janice Pratt of Lakeville MN and Diane (Bill) Braun of Greendale, grandchildren John Jr. and Daniel Pratt (Devin) of Lakeville and Christopher and Stephanie Cutler of Marshall and great grandchildren Melanie and Mason Abel of Marshall, and Eliza Pratt of Lakeville. He was preceded in death by his daughter Susan Ann Cutler and his wife Norma K. Cutler.
Verne grew up in South Dakota, worked in his parent's store, and hunted and fished, as a way of life until moving to Wichita, Kansas to finish his last semester of high school. (Events in World War II forced closing of the store and his father taking a job in Beech Aircraft Co.) After high school graduation in 1943 he was employed as a draftsman by Boeing Airplane Co. and then "drafted" into the air force a year later. He first worked on B-17s before being shipped overseas as an aircraft mechanic in the 8th Air Force in England.
After the war in Europe was over he was transferred to the 9th Air Force in Germany. That led to the most extravagant influential educational experience of his young life - 6 months at Biarritz American University (BAU), France. BAU offered college credit courses in elegant hotels taught by top faculty from the U.S. Life Magazine, Jan. 14, 1946 had a spread on BAU and said, "GI's never had it so good." That experience provided the boost needed to go on to college under the G.I. Bill.
Back in the U.S. he attended Wichita University 1946-48, Kansas State 48-51 with B.S. and M.S. degrees in Civil Engineering. Then he was hired by Boeing Airplane Co. as a design engineer but received an offer from the Mechanics Department of the University of Wisconsin as an instructor for the fall of 1951 which he accepted after some soul searching! In Madison he taught full time, worked on a PhD in Mechanics, built a house in Indian Hills living in the basement with his wife of 55 years, Norma, and 5 children while building above and received a PhD degree in 1960, and was appointed assistant professor. In the fall of 1963 he moved to UW-Milwaukee as associate professor and Chairman of the Department of Mechanical Engineering & Mechanics.
He was promoted to full professor in 1967 and served as chairman for 10 years. He received teaching excellence awards from the UW-Milwaukee Alumni Association and a national award from the American Society of Engineering Education. Verne retired in 2001 as emeritus professor of Civil Engineering and Mechanics after 50 years in the University of Wisconsin system. He also served as a consultant and expert witness and for many years represented the UW-Milwaukee Retired Faculty Association as a Director for the Wisconsin Coalition of Annuitants.
He was fortunate to marry again to wife, Charlene, a veterinarian, who provided a dog and three cats to the household.
Visitation at the Funeral Home on Sun. June 24 from 3:00-6:00 PM and again at THE UNITED METHODIST CHURCH OF WHITEFISH BAY, 819 E. Silver Spring Dr. in Whitefish Bay on Monday from 10:00-11:00 AM with Funeral Services at 11:00 AM. Private Interment at Stone Bank Cemetery.
Article from Bloomberg News regarding the State of Wisconsin Pension System
Submitted by email to GIB’s Liaison Officer on March 13, 2018
AN OPEN LETTER TO MEMBERS OF THE GROUP INSURANCE BOARD
At GIB’s 21 February 2018 meeting, ETF staff presented a document titled “Health Benefit Program Agreement & Uniform Benefits for the 2019 year.” This letter focuses on the “Pharmacy Benefit Change Concepts” outlined on pages 6 and 7 (see Attachment A below) and urges all members of the GIB to investigate thoroughly each of the issues raised below before endorsing any of these “benefit change concepts.” GIB members have a fiduciary responsibility to act “prudently.” “Prudence” implies not only “caution” and “due-diligence” but more broadly, the capacity for judging in advance the consequences of one’s actions and decisions. Without a thorough understanding of the issues raised below, “prudent” action and decision-making are impossible.
Re: Proposed “Carve out [of] Pharmacy Uniform Benefit language from the GHIP Agreement.”
Would a “de-linked” and “carved-out” pharmacy health plan STILL be subject to Federal Affordable Care Act (ACA) coverage requirements and non-discrimination protections? (For example, would ACA’s list of required “essential health benefits” still apply? What about ACA’s protections for “pre-existing medical conditions” or current prohibitions on charging women higher premiums than men?) . . .
Go here to read whole letter
Segal Report Summary, 50 pages
Segal Report, 165 pages