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Backstretch Pension Contribution Increases
Saturday, March 5, 2022
Monday, May 1, 2023
The MTHA Board of Directors has approved an increase in the Backstretch Pension Fund contribution to $1 million for Plan Year 2021-22 pending approval by the Maryland Racing Commission .
The contribution is up $100,000 from Plan Years 2018-19 and 2019-20. The amount represents a 250% increase from Plan Year 2017-18 when the contribution was $400,000.
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Board Cites Success Of Bonus, Stakes Programs
At its September open meeting, the Maryland Thoroughbred Horsemen’s Association (MTHA) Board of Directors reviewed the highly successful results of the $600,000 Owner and Developer Bonus Program and the dual-state bred stakes schedule offered this summer to Maryland-based connections during the Laurel Park racing break.
