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.