FRANKFORT, Ky. (Oct. 3, 2016) – Gov. Matt Bevin has made the following appointments to Kentucky boards and commissions:
Anthony Charles “A. C.” Donahue and Stephen F. LeLaurin have been appointed to the Judicial Form Retirement System.
• A. C. Donahue, of Somerset, is a military veteran and subrogation attorney. Mr. Donahue will serve for a term expiring June 30, 2020.
• Stephen F. LeLaurin, of Louisville, is retired from the field of financial services. Mr. LeLaurin will serve for a term expiring June 30, 2020.
The Judicial Form Retirement System combines the Legislator’s Retirement Plan and the Judicial Retirement Plan. The Governor appoints two members who are not members or from among persons drawing benefits of either of the plans to the Board of Trustees. The Board of Trustees is charged with the administration of the systems and shall have all powers necessary, including the power to promulgate all reasonable regulations, pass upon questions of eligibility and disability, make employments for services, and to contract for fiduciary liability insurance, and for investment counseling, actuarial, auditing, and other professional services as required without the limitations of KRS 45A.045.
David J. Adams has been appointed to the Board of Trustees of the Kentucky Retirement Systems.
• David J. Adams, of Prospect, is the CEO of the Institute for Product Realization at the University of Louisville. Mr. Adams will serve for a term expiring June 17, 2019.
The Kentucky Employees Retirement System (KERS) was created in 1956 by the Kentucky General Assembly in order to supplement the benefits provided by Social Security. When the first actuarial valuation was completed June 30, 1957, there were 16,000 employees participating in KERS and assets of $2.8 million. The State Police Retirement System (SPRS) and County Employees Retirement System (CERS) were established in 1958. Currently, KRS serves over 348,000 active, inactive and retired members in the combined systems, and administrates approximately $16.2 billion in assets.