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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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It’s never too early to start planning for the 2025 Ferris Allen Bootstraps Scholarship—an award created to support individuals working within the Maryland Thoroughbred racing community who aspire to further their education.
Owners and developers of Maryland-bred horses are encouraged to plan now to take advantage of the $600,000 Owner & Developer Bonus Program, which will be available during the summer break in live racing at Laurel Park.
