Roughly 200 boxers could have claimed a pension last year, but only 12 of them - 6% - did so.When creating the safety net in 1982, California lawmakers said too many fighters were ending up “injured or destitute, or both.” The boxers’ pension, funded by a ticket fee for boxing events, would ensure a “modicum of financial security,” according to language in the state statute.īut a Times investigation found that the pension plan has a long history of falling short of that lofty goal. The Times examined hundreds of state documents and interviewed dozens of fighters, promoters and retirement plan experts about the California boxers’ pension, which includes retirement accounts for more than 1,900 current and former boxers. “I’m not a hard guy to reach,” Kemp said from his sparsely decorated apartment in Edmonton, Canada, where he sleeps on a discarded massage table he found in an alley. And, under plan rules, those unclaimed pensions - which are paid in a lump sum - have been diminishing in value for years, in some cases decades. But an additional 200 boxers are owed pensions and have not claimed them because, in many cases, they were unaware they were even eligible.
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