| NFL Announces Pension Plan For Retired Players | | |
The NFL and NFLPA have reached an agreement on how to distribute the $620 million Legacy Fund, designed to help retired players from the '60s, '70s and '80s, NFL commissioner Roger Goodell wrote in a letter to NFL fans Monday. Players whose pensions were vested before 1993 will all see benefit increases, with those vested before 1975 receiving the biggest increases. For example, a 10-year veteran who retired in the 1960s would see his pension increase from $200 to $1,840. Benefits for retired players were a major issue during the collective-bargaining negotiations between players and owners during the summer. Retired players at one point threatened their own lawsuit to make sure they were taken care of.
Source: Pro Football Weekly
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