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Backstretch Pension Plan Contribution Approved
Tuesday, January 3, 2023
Monday, May 1, 2023
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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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.
