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Backstretch Pension Plan Contribution Approved
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.
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Services have been scheduled for Vincent “Jimbo” Bracciale Jr., a nationally recognized jockey who spent the majority of his distinguished riding career in Maryland before transitioning to training in the early 1990s.
Laurel Park will offer 25 stakes worth a total of $2.8 million from January through April highlighted by a pair of $200,000 sprint fixtures and two $150,000 events for 3-year-olds that offer guaranteed spots in the Preakness Stakes and Black-Eyed Susan Stakes.
