California is on the verge of establishing a retirement benefit fund for MMA fighters. Learn about the proposed legislation, its impact, and how it will provide financial security for fighters in the state.
| California on the Cusp of Creating MMA Fighters Retirement Benefit Fund
- California is on the verge of establishing a retirement benefit fund for mixed martial arts (MMA) fighters. The proposed legislation, AB 1136, aims to provide similar benefits to MMA fighters as those given to boxers since 1982.
| MMA Fighters Excited About Retirement Benefits
- Josh Hokit, a 25-year-old heavyweight from Clovis, is preparing for his professional MMA debut. While he is focused on his upcoming fight, Hokit acknowledges the importance of the retirement benefit fund. Coming from a background in football and wrestling, Hokit understands the value of planning for the future and is grateful that California is taking steps to support its fighters.
| The Impact of the Retirement Benefit Fund
- If the MMA retirement benefit fund had been in place since California began regulating MMA in 2006, fighters like Cris "Cyborg" Santos and Henry Corrales would be eligible for significant benefits. The fund has the potential to grow over time and provide financial support to fighters even after they retire.
| Conclusion
- The creation of the MMA retirement benefit fund in California marks a significant milestone for the sport. MMA fighters will now have access to retirement benefits similar to those provided to boxers. With the state’s robust combat sports industry, this initiative aims to secure the financial future of MMA fighters and set an example for other states to follow.
California on the Cusp of Creating MMA Fighters Retirement Benefit Fund
California is on the verge of establishing a retirement benefit fund for mixed martial arts (MMA) fighters. The proposed legislation, AB 1136, aims to provide similar benefits to MMA fighters as those given to boxers since 1982.
The bill, introduced by Assemblymember Matt Haney, requires MMA fighters licensed by the California State Athletic Commission to accrue 39 scheduled rounds in the state starting next year to qualify for the retirement benefit fund. However, the law does not apply retroactively.
To fund the pension plan, the bill proposes a $1 assessment on event tickets sold, as well as revenue generated from the sale of special interest license plates, commission-branded items, and contributions from MMA artists, managers, and promoters.
Andy Foster, the executive officer of the athletic commission, emphasizes that the retirement fund will not be funded by taxpayers but rather through various revenue streams created by the commission. This initiative aims to rectify the oversight that left many MMA fighters without the same protection as boxers.
Lessons learned from the implementation of the boxing safety net have been taken into account during the legislative process. The commission plans to improve communication with fighters and ensure they are aware of their retirement benefits. Additionally, contractual language has been updated to allow the commission to send yearly financial statements to fighters.
The establishment of the MMA retirement benefit fund is a significant step towards providing long-term financial security for MMA fighters in California. With the state’s booming combat sports industry, this initiative aims to support fighters and ensure they have a plan for their future.
MMA Fighters Excited About Retirement Benefits
Josh Hokit, a 25-year-old heavyweight from Clovis, is preparing for his professional MMA debut. While he is focused on his upcoming fight, Hokit acknowledges the importance of the retirement benefit fund. Coming from a background in football and wrestling, Hokit understands the value of planning for the future and is grateful that California is taking steps to support its fighters.
The Impact of the Retirement Benefit Fund
If the MMA retirement benefit fund had been in place since California began regulating MMA in 2006, fighters like Cris "Cyborg" Santos and Henry Corrales would be eligible for significant benefits. The fund has the potential to grow over time and provide financial support to fighters even after they retire.
California’s commitment to its MMA fighters sets a precedent for other states and organizations to prioritize the well-being of athletes. As the combat sports industry continues to thrive, it is crucial to ensure that fighters have the necessary support and resources for a secure future.
