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section It's possible that O.J. Simpson, who is to
be released on parole this year has been making $10,565 a month since he turned 65
That's because the now 70-year old is drawing an NFL pension that
has granted him more than $600,000 over his past 57 months in prison
USA Today reported that Simpson's lawyer said the former Grid iron and movie star has money
from a pension plan in which he invested $5 million years ago
The NFL calculates pensions based on the number of seasons played and at what age a player
decides to start collecting And Simpson played for 11 seasons from 1969
to 1979, and likely waited until he was 65, not 55, to start accruing that income.
The average player only last 3.5 seasons in the league, and many probably need their pension
as soon as they can access it.
And One out of six NFL retirees declare bankruptcy.
But The league now offers a generous 401(k) plan to motivate players to save.
They match up to $18,000 a season twice, such that a player's pre-tax investment is tripled
Though Simpson's pension looks great compared to other NFL retirees, he's in some serious
debt Despite his acquittal during his infamous
1995 murder trial a civil court ordered him in 1997 to pay a
sizable fee to the families of his late ex-wife Nicole Brown Simpson, and Ronald L. Goldman,
in compensatory damages And With accrued interest, he owes them $52
million But, fortunately for Simpson, according to
the law, he's not legally obliged to use his pension to pay that off.
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