$620 million being distributed to retired players
The NFL and players’ union have reached agreement on how to
distribute $620 million to retired players through a legacy fund
created by the new collective bargaining agreement.
Players will receive these pension increases for their lifetime,
as will their eligible beneficiaries.
Current benefit payments to retirees and their
beneficiaries/former family members will immediately be increased
to no less than $600 per month. That minimum $600 will apply for
players not yet receiving pension payments, based on electing a
life annuity or joint and survivor benefit.
A benefit credit will be added to players’ current monthly
pension checks. If a player is over 55 and already receiving his
pension, he will receive an additional $124 per season for seasons
before 1975, and $108 per season for seasons from 1975-1992.