Jonathan Barry Forman, vice chairman of the $4.6 billion Oklahoma Public Employees Retirement System and Alfred P. Murrah Professor of Law at the University of Oklahoma College of Law, was named professor in residence by the Internal Revenue Service.
I have permission to stay on the non-partisan OPERS board from the Internal Revenue Service, but, because of the distance, I may not stay on as vice chair, Mr. Forman said.
Its up to the board whether to keep him on as vice chair, said Tom Spencer, executive director of the Oklahoma City-based system. Jon indicated he wouldnt want to be vice chair because for the most part he would be out of the state except for board meetings.
The board could make a decision on Mr. Formans status in July.
Mr. Forman was selected as the 2009-2010 professor in residence by Clarissa C. Potter, IRS acting chief counsel, according to an IRS statement. His term begins in September.
The IRS position is for the nine-month academic year, advising on tax law regulations, rulings and litigation, some of which may have to do with pensions and health benefits, Mr. Forman said.
I will, of course, serve on projects as needed. I may also get some input into tax reform and possibly legislation. Just one tax law professor per year is selected, and I doubt if any before me ever served as a trustee, he said.
Mr. Forman, who is in the middle of his second four-year term as vice chairman, expects to return to Oklahoma in June 2010.
It probably is the first time a pension trustee was named professor in residence, said Dean Patterson, IRS spokesman. But we dont keep a running tally of resumes, and we just dont know.