Pension Benefits - MLB.com

95 Pension Benefits The Pension plan of the Major League Baseball Players Benefit plan (the Pension plan ) is a defined benefit plan that provides you with a monthly benefit during your retirement years. The Pension plan works with the Investment plan and your own personal savings to help you build a foundation for your financial future. This Benefits Handbook describes the terms of the Pension plan in effect as of April 1, 2012. If your retirement Benefits began before April 1, 2012, your Benefits are determined by the terms of the Pension plan in effect when your retirement Benefits began, except where this Pension plan contains terms that explicitly affect your Benefits . Please refer to a prior Benefits Handbook for a description of the terms of the Pension plan in effect prior to April 1, 2012, or contact the Benefit plan Office.

trust fund is to provide retirement benefits to Pension Plan members and their beneficiaries and to pay administrative expenses of the Pension Plan. The trust fund cannot be used for any other purpose. Widow A widow, which includes a widow or widower, who is a qualified spouse may be eligible for a “widow’s benefit” under the Pension Plan.

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