NFL/NFLPA CBA: SUBSTANTIAL AND IMMEDIATE BENEFIT IMPROVEMENTS FOR LEGENDS

Building on the progress since the 2011 deal and enhanced collaboration between the NFL and NFLPA, the new 2020 CBA establishes unprecedented benefits to provide comprehensive support to Legends throughout their post-NFL lives.

The new deal commits nearly $2 billion in additional funds to provide extraordinary improvements in pension for more than 11,500 Legends, as well as expanded health care benefits.

PENSION ENHANCEMENTS FOR LEGENDS

  • 11,500 vested Legends will receive an increase in their pensions, in many cases raising their annual payment by as much as 60 percent or more – an increase that will be maintained for the rest of their lives.
  • A 7-year veteran who retired in the 1970s or 1980s will have his pension increased from just over $30,000 to more than $46,000 per year for life. And assuming modest revenue growth, pensions will grow by an additional ten percent in 2025, bringing his annual pension to more than $50,000.
  • A 10-year veteran who retired in the 1970s or 1980s will have his pension increased from just over $43,000 to $66,000 per year for life. And assuming modest revenue growth, pensions will grow by an additional ten percent in 2025, bringing his annual pension to more than $72,000.
  • In addition, approximately 700 Legends, who played before 1993 and earned three credited years of service and were not previously eligible to receive a pension, will now have the same pension benefit as players who retired prior to 2012. They will immediately begin receiving a pension of $19,800 each year for life – up from $0 today – with an increase to almost $22,000 each year for life in 2025.
  • Surviving spouses and children of Legends will also receive a pension increase. Benefits for widows and survivors will also increase from $9,000 per month to $13,000 per month with a further increase to $15,000 per month in 2025. And these higher amounts will be paid for five years, rather than four. Following first 60 months, the benefit will be $6,000 per month, up from $4,400 per month today.

IMPROVED HEALTH CARE BENEFITS

  • Approximately 4,440 Legends who are under 65 years old with at least three credited years of service and not currently participating in the Health Reimbursement Account (HRA) Plan will receive a one-time HRA credit of $50,000 to cover their medical expenses and those of their dependents.
  • More than 2,400 vested Legends, who are at least 50 years old, will also receive free Long Term Care insurance to help cover the costs of nursing and facility care, medical management and meal preparation.
  • Vested Legends age 65 or older will have additional options for their Medicare Supplement benefit. The benefit will also increase by 25 percent midway through the agreement.
  • Through the Former Player Life Improvement Plan, Legends and their families will also have access to health benefits, including a prescription drug card, free counseling sessions with licensed clinicians, psychologists and psychiatrists.
  • The 88 Plan, which provides benefits to vested Legends with Dementia, ALS or Parkinson’s disease, will be increased by 35 percent for in-home care and 42 percent for institutional care by 2025.
  • Additional benefits including Life Insurance and the Neurocognitive Benefit will be increased with expanded eligibility.

DEDICATED HOSPITAL NETWORK FOR HEALTH CARE AND SUPPORT

  • The NFL and NFLPA will establish a newly developed hospital network of high-quality medical care providers in every NFL city that will offer primary care and other free services, including wellness and preventative screenings, mental health care and certain orthopedic treatmentto Legends. Thereafter the program will be expanded to include additional services and wives and widows.

LIFELONG LEARNING The NFL will increase its tuition assistance to support Legends who are interested in continuing their education. Legends with at least two credited years of service can receive up to $30,000 in tuition assistance. Legends with five or more credited seasons can be reimbursed up to $105,000 by 2030.

Article courtesy of NFL Legends Community

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