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01-15-2013, 08:40 AM
  #43
pepty
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NHL boosts benefits for former players

http://www.thestar.com/sports/leafs/...nefit-hike-cox

The Star has learned that last week, after ratifying a new collective bargaining agreement with the players on the heels of a painful 113-day lockout, NHL owners also unilaterally decided to improve a special benefit program for former players 65 and over by 50 per cent.
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As of Monday, the NHL Playersí Association, which improved pension benefits for current players in the new CBA, had not committed to increasing its contribution to the Senior Player Benefit to $3 million annually..
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The Senior Player Benefit, which started in 2005, has been in the headlines in recent months after the Star reported in November that neither the league nor the players had committed to continuing the fund after the old CBA expired Sept. 15.

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After the Star reported on the uncertainty facing retired NHLers who didnít know if they would be getting Senior Player Benefit cheques in 2013 as scheduled, in December both the league and NHLPA relented and promised to continue funding the program.

Now, with the lockout over, NHL owners have gone a step further and increased their contribution, which would be worth $30 million over the next decade.

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What remains unclear is why itís the league taking the lead on this initiative and not NHLPA executive director Donald Fehr. Five years ago, former union boss Paul Kelly upped the unionís share and invited the league to do the same.

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