![]() He pummeled a manager and promoter he alleges bilked him of his winnings, saying he was left with no money for a plane ticket to be with his ailing mother before she died. ![]() His rise was paused by stints in prison after a conviction for assault and battery. Ramos, who grew up in the south Bronx before becoming a Los Angeles transplant, retired from boxing with a 39-10-2 record that included 24 knockouts. How to claim a California boxers’ pension. This thing is designed to help them out, not to hurt them.”Ĭalifornia Could you have a California boxers’ pension? Here is what you need to knowĬalifornia owes benefits to about 200 boxers through the California Professional Boxers’ Pension Fund. “The fact that it’s administratively a little tough is not a good reason for me to say no. When The Times told the athletic commission about the concerns with lump-sum payments, its executive officer, Andy Foster, pledged that anyone who needed to be paid in installments would be. Richardson said she has recently looked at converting Ramos’ pension into an annuity that will provide small monthly payments without disrupting his disability benefits. Other boxers who spoke to The Times expressed similar concerns about the potential of losing government benefits they rely on. In addition, the commission does not allow pensions to accrue interest or cost-of-living increases, another disincentive to taking piecemeal payouts.īut for some, the lump-sum requirement has meant forgoing the pension. Many boxers prefer the lump-sum payout because the total pension amounts are generally small - averaging around $17,000, according to commission records analyzed by The Times. Alex can’t survive without these services.” “With the athletic commission, it’s all or none. “With a real pension, you can get monthly payments,” said Richardson, who retired from the Ventura County District Attorney’s Office. The foundation is no longer a nonprofit, but still refers needy boxers to services. Losing that would be devastating for Ramos, said Jacquie Richardson, who co-founded the boxers foundation and now has power of attorney to help with Ramos’ medical care and finances. ![]() In Ramos’ case, his disability benefits require him to have less than $2,000 in assets. Boxers who spoke to The Times said the athletic commission’s lump-sum provision has made it difficult for those who rely on government benefits to claim their pension without forfeiting more generous housing or medical care subsidies. Most retirees in other jobs receive pensions in monthly payouts over a lifetime. The only state-administered plan in the nation, California created the pension in 1982 after lawmakers said too many fighters were ending up “injured or destitute.” The program, however, has long been criticized for failing to inform boxers about their benefits.Ī Times investigation found that roughly 6% of boxers who could have claimed a pension last year were paid by the California State Athletic Commission, which administers the program. ![]()
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