What is the difference in monthly payments at the normal retirement age of 55 between the pre-93 veterans and those active players on NFL rosters this season?
The answer is: there are a number of factors at play here. For example, a vested player who played prior to 1982 receives $250 per month for each vested season plus another $124 (if you played before 1975) or $108 (if you played between 1975-92) per month per season in Legacy payments.
In comparison, an active player in 2018 will receive $760 per month in pension for each vested season if he begins collecting at age 55.
There are many factors that account for varying pension dollar amounts even for players who played the same number of seasons during the same time period. The primary factors include the age a player begins receiving his pension (the older the age a player begins his benefit, the larger the benefit) and the player’s payments (he can elect to have a beneficiary receive survivor benefits ranging from 25-100 percent of his benefit). That will change the amount a player receives in pensions payments while he is alive.
Below is a chart that shows Pension Benefits and Legacy Credits for several decades.
If player alumni have questions regarding your own pension, you should call the NFL Player Benefits Office at (800) 638-3186 or email at firstname.lastname@example.org