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November 23, 2012

NHL Senior Alumni Left Vulnerable By NHL Lockout

From Damien Cox of the Toronto Star:

Seven years ago, the NHL and the NHL Players’ Association finally eased that embarrassing pension burden by establishing a supplemental Senior Benefit Plan for players 65 years of age and older.

But when the current collective bargaining agreement with the league expired Sept. 15, so too did the Senior Benefit. Now, with the next payment due in January and no end in sight to the current lockout, more than 300 vulnerable former NHLers or their surviving widows have been left in limbo.

“There’s not a helluva lot we can do about it,” said former Leaf and Ranger Bob Nevin, 74. “There’s no avenue for us at our age.”

Here's the full story, including how 95 year old Hockey Hall of Famer Milt Schmidt earns about $350 a month from his NHL pension. Unbelievable!

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