Are You Owed Money? Retirement Funds Available for Fighters

By Caryn A. Tate on February 16, 2019
Are You Owed Money? Retirement Funds Available for Fighters
Now, it’s just a matter of finding the former fighters who have money coming to them.

The pension fund, currently totaling $5.3 million according to the CSAC website, is funded via the promotion of fights that take place in California…

One of the most overlooked difficulties in the sport of boxing is that the fighters are on their own when it comes to career choices. The sport has never had a union for its athletes, nor any sort of national oversight committee to look out for the boxers’ best interests. It all comes down to the team a fighter selects to sign contracts with, the promoters and managers who handle most of the business side of things for the athletes. Some are honest and look out for their fighters; but it’s not uncommon for many to take advantage of the athlete who may not have the business education to know what red flags to avoid ahead of time.

Because of this unfortunate aspect of the sport, it’s exceedingly rare to hear about people or organizations that try to help fighters in meaningful ways. But there’s one state commission that’s doing just that.

The California State Athletic Commission (CSAC) is not only the most active and experienced commission in the country. The state also runs the only pension fund in the nation for retired fighters—a retirement benefit, of sorts, for boxers who meet the criteria.

Now, it’s just a matter of finding the fighters who have money coming to them.

Andy Foster, Executive Officer of the CSAC, said, “We really want to get them their money. We just have to verify that it’s them, and we’ll cut them a check.”

The list of eligible boxers who have money awaiting them is now on the CSAC website. Foster hopes that by making the list public, the fighters who earned this retirement benefit the hard way will be found.

The unprecedented pension fund was created by Professor Robert Feldman, now at the Center for Public Interest Law in San Diego, who formerly chaired the CSAC. The pension fund, currently totaling $5.3 million according to the CSAC website, is funded via the promotion of fights that take place in California.

“We charge 88 cents per ticket, up to $4600,” Foster said.

Boxing.com encourages readers to spread the word in every way possible to help find the fighters on the CSAC’s list.

After all, as Foster said, “It’s their money.”

A random selection of eligible athletes from the list is below. These fighters, as well as the many others from the full document, are encouraged to complete the necessary forms and contact the California State Athletic Commission directly at (916) 263-2195.

● Richard Aguirre
● Pablo Baez
● Rafael Corona
● Tony Dominguez
● Juan Escobar
● Felipe Fuentes
● Rodolfo Gonzalez
● Juan Manuel Hernandez
● Jesse Island
● Ivory W. Johnson
● Milford Kemp
● Ricky Locke
● Ruben Maldonado
● Gustavo Olmos
● Richard Sandoval
● Calvin Anthony Talley
● Ricky Wynne

Check out more of Caryn’s work at http://www.CarynATate.com and follow her on Twitter@carynatate

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  1. Your Friend 12:05pm, 02/19/2019

    “All of the sports have a safety net, but boxing is the only sport that has none. So when the fighter is through, he is through. While he was fighting his management was very excited for him, but now that he is done, that management team is moving on…….by the time you’re 30 years old, you can be on a nowhere street, if you’re not careful.” Gerry Cooney

  2. Your Friend 08:24am, 02/19/2019

    God Bless California.

    Maybe there will be party…I hope so. But there sure as hell won’t be any gold watch, much less insurance, pension and 401K benefits. That’s what happens when you are forced to retire from boxing. Few leave on their own terms, unless, of course, you are on the tip of the boxing iceberg with other champions and top contenders. And even then, unless you are smart enough to get the right financial advice, pensions and other retirement benefits may be hard to come by. Hell, how do you spell “annuity?”

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