US. As Super Bowl approaches, NFL pension plan still underfunded
As fans everywhere prepare to sit down with bowls of chili and platters of wings to watch the Super Bowl, they might be interested to know that pro football players could be facing some of the same pension problems their fans are: the NFL Players’ Pension Plan is only 73 percent funded, according to an analysis from the Society of Actuaries.
That’s based on data from 2015, the most recent year for which data is publicly available, and it is an improvement from 2014, when it was only 55 percent funded.
But it’s still not good, especially considering how much money the sport rakes in every year. And, as a multiemployer plan, it’s below the multiemployer industry average of 85 percent, “indicating even the NFL isn’t immune from the funding challenges impacting other plans,” according to the SOA.
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