It is Super Bowl time which, for some of us, means that the new 5500 for the Bert Bell/Pete Rozelle NFL Player Retirement Plan (EIN 13-6043636) is out and we get a better idea of how much Joe Burrow really has in common with a Cleveland Iron Worker.
At 25.53% funding (a massive decrease from last year) are the actuaries setting up the next play for this plan to be a Hail Mary?
There’s no retirement age in the NFL, and that’s a good thing for Super Bowl-bound Kansas City and Tampa Bay.
Andy Reid and Bruce Arians are two of the league’s five oldest coaches. Reid is closing in on 63; Arians turned 68 last October. They have a combined 55 years of NFL experience and spent nearly another three decades working at the college level.
Neither seems close to calling it a career. Instead, they’re showing that bald heads and gray facial hair might be a better choice than young and spry at football’s most important leadership position. These guys might just be getting started, too.
The NFL was slowly discovering something far deeper: a core tenet of Covid-19 transmission wisdom—how to define when individuals are in “close contact”—was just wrong.
The safety of interactions during this global pandemic had been for months measured by a stopwatch and a tape measure. The guidance was that someone had been exposed to the virus if they had been within six feet of an infected person for more than 15 minutes. It was drilled into everyone for so long it became coronavirus gospel.
But that wasn’t proving true during the NFL’s outbreaks. People were testing positive for the virus even though they had spent far less than 15 minutes or weren’t within six feet of an infectious person—and the league had the contact-tracing technology to prove it.
It’s Super Bowl time which, for some of us, means that the new 5500 for the Bert Bell/Pete Rozelle NFL Player Retirement Plan (EIN 13-6043636) is out and we get a better idea of how much Tom Brady really has in common with a Cleveland Iron Worker.
Interestingly enough, the NFL plan meets the objective (less than 40% funding and less than 40% active) criteria under both HR 397 and the Grassley-Alexander proposal from the prior legislative session and would qualify for a bailout were it to declare itself a red zone plan.