Articles matching tag: Pensions
- Column: NFL Facing Pension WoesFebruary 11, 2016
The NFL generated an estimated $12 billion dollars this year, far and away the most of any professional sports league in the country. But despite that embarrassment of riches, the NFL is facing a decidedly American problem: a substantial funding gap in its pension plan. According to league and union officials the players’ pension plan has only 72% of the assets necessary to cover liabilities owed to former and current players. Experts generally consider a funding ratio of 80% or more to be satisfactory. But the deficit in the NFL plan pales in comparison to many pension plans, including a number in the public sector.