Pension Deadline Less Than A Month Away

Virtual sign-ups for the Maryland Backstretch Pension Plan are underway, with a June 1, 2021, deadline to sign up. The Maryland Thoroughbred Horsemen’s Association Board of Directors earlier this year continued to affirm its support for the Backstretch Pension Program when it approved $900,000 in pension funding for the program.
Horsemen employed in the care of horses on the backstretch at Laurel Park, Pimlico Race Course or the Fair Hill Training Center, including trainers, are eligible to participate. However, the eligible employee must have worked a minimum of 1,000 hours during 2020 and provide documentation to that effect (with a W-2 or 1099 form, or tax return).
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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.