Perpetuating the myth that this would somehow be a meaningful retirement payout is a cruel deception of fighters
, accurately describes the fighters’ risk of “extraordinary disability in the normal course of their trade,” such as traumatic brain injuries, multiple concussions, eye injuries and other neurological impairments. Haney wants MMA fighters to have “support and protection when they retire.
But the average one-time payout since 2012 for 171 boxer pensions has been around $19,000, according to Andy Foster, executive officer of the Athletic Commission. Let’s get real: $19,000 is not going to begin to cover the medical costs for the injuries Haney describes in his bill, much less provide any sort of retirement security.
Meanwhile, the athletic commission has an investment advisor and a third-party administrator to oversee the boxer pension fund, which has total assets, as of Jan. 31, of justCalifornia already has a much better retirement program. Since the boxing pension was reformed, the state established, which is now mandatory for most employers who don’t already provide retirement plans for their workers and is available for independent contractors such as boxers and MMA fighters.
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