Former Boxers May Be Eligible For $5.5 Million In Unclaimed Benefits

SACRAMENTO – The California State Athletic Commission is reaching out to former boxers who are eligible for a share of a $5.5 million pension fund.

The California Boxer Pension Fund was established in 1982 to help boxers achieve financial stability in their later years. To qualify, a boxer must be at least 50 years old, have fought at least ten rounds a year for four years without more than a three-year break, and had a minimum of 75 scheduled professional rounds without a break of three years or more.  Currently, the Commission collects a per-ticket fee, with the money going into the fund and divided up at the end of each year into boxers’ accounts.

“The Athletic Commission wants to pay eligible former boxers benefits they are entitled to,” said State Athletic Commission Executive Officer Andy Foster. “Any help we can get to spread the word about the California Boxer Pension Fund would be appreciated.”

Foster says locating boxers eligible for the state fund continues to be difficult, in part because of the young age at which most boxers retire. Generally, fighters do not compete past age 30, roughly 20 years before their benefits begin. In addition, many fighters reside in other states or countries, making it difficult to reach out to them.

Anyone who thinks they may be eligible for the California Boxer Pension Fund should contact the Athletic Commission at (916) 263-2195 or visit www.dca.ca.gov/csac for more information.

Click here to get email updates from our newsroom.

# # #

The California State Athletic Commission (CSAC) regulates professional and amateur boxing, kickboxing and mixed martial arts throughout the State by licensing all participants and supervising the events. The Commission is dedicated to the health, safety and welfare of participants in regulated competitive sporting events, through ethical and professional service. For more information about CSAC, visit www.dca.ca.gov/csac.

  1 comment for “Former Boxers May Be Eligible For $5.5 Million In Unclaimed Benefits

  1. August 14, 2014 at 15:08

    So much money but they do not payout the boxers. When they call DCA/CSAC says there is no money.

Tell us what you think

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: