The Major League Baseball (MLB) pension plan is a key component of the financial security offered to players. Established way back in 1947, it’s actually the longest-running pension plan in all of professional sports.
Because careers in MLB tend to be relatively short, understanding the retirement benefits available is crucial for players. Proactive financial planning is essential to make the most of those benefits.
In this guide, we’ll cover everything you need to know about the MLB pension plan, including eligibility requirements, benefit details, related retirement plans, and healthcare provisions. We’ll also cover some common misconceptions about the plan.