Major league baseball players soon might qualify...
Major league baseball players soon might qualify for pensions of up to $90,000 a year, according to a published report in the Hartford Courant.
An analysis of the Major League Baseball Players Benefit Plan shows that the fund already may have $60 million to $70 million more than it needs to pay off obligations, the newspaper said.
The Courant said its analysis of publically available documents from the fund found that high-paid baseball players who retire at 62 soon may qualify for pensions of $90,000 a year, the maximum allowed under federal law.
At the same time, the newspaper said, many retired baseball players are receiving pensions of as little as $100 a month and some of them have joined together to demand a bigger share of the pension fund.
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