- Published: Tuesday, 03 January 2023 09:29
The Maryland Racing Commission Jan. 3 approved a plan by the MTHA’s Board of Directors to contribute $1 million for Plan Year 2022-23. The amount was first raised to $1 million for Plan Year 2021-22.
The MTHA administers the Backstretch Pension Fund. By statute, the MRC may direct a deduction from open purse money of 0.25% of all pari-mutuel pools to support the fund.
Those employed in the care of horses on the backstretch at Laurel Park, Pimlico Race Course or Fair Hill, including trainers, are eligible to participate. However, the eligible employee must have worked a minimum of 1,000 hours during 2022 and provide documentation to that effect (with a W-2 or 1099 form, or tax return). The following categories of licensees are not eligible to participate: owners (as opposed to owner/trainers); security; maintenance; valets; parking; mutuel clerks; vendors; miscellaneous; and jockeys.
The MTHA will soon announce a signup period for 2023, likely in mid-April.