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Minor League Pension Plan
Minor League Players Pension Plan
So I was digging through some paper work just a minute ago and I found an old booklet of mine on the Minor League Players Pension Plan. I had it on my list of things to do and had actually made a few calls about the Minor League Pension Plan with no luck.
I was eager to see what all my hard work and dedication in the Minor Leagues had earned me as far as a Pension Plan was concerned. The 15 page booklet on the Minor League Pension Plan had tons of information on eligibility, benefits, vesting, and legalities. All that info looked interesting but I was more concerned with how much money I was going to get when I retired!
So here is the basic formula and basic requirements for all of you Minor League Baseball Players who were or are wondering like me. If you want more info or the full details send me a message and I’ll be sure to help you out. With that being said, show me the money!
“Your benefit in the Plan will be 100% vested after you have 5 years of Baseball Service.” From reading a little more in depth, it does seem that short season counts as one year of service time as long as you were on a roster and not in extended. Here’s the formula:
Club Service Benefit + NUPP Benefit + Twins Pension Plan Benefit = Your monthly benefit after you retire
Club Service Benefit: Minor League Level on August 1st
AAA $22 per month x Years of Club Service with AAA
AA $18 per month x Years of Club Service with AA
A or lower $14 per month x Years of Club Service w