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Slam Dunk Retirement

A lot of professional athletes now have retirement plans.   Here's at look at their pension and retirement benefits.

NATIONAL BASKETBALL ASSOCIATION

The NBA pension plan was established in 1965 and is a defined benefit program.

Based on a retirement age of 62, current players would receive $12,400 annually for each year of service with a maximum amount of $124,000 (10 years of service). Players must play three seasons to become vested.

Those who played before 1965 still receive $200 per month for each season they played.

Posted on Tuesday, February 6 by Registered CommenterWise Owl in | Comments Off