re: New England Patriots Release Matt Flynn

3years! he's got it already!

6. National Football League

Retirement plan: Pension, 401(k), Annuity
Minimum salary in 2015: $435,000

The NFL’s pension plan is based on credited seasons. Players are fully vested and eligible for benefits once they have three credited seasons in the league, and can begin collecting at 55 years old. A player’s monthly benefit is based on the number of credited seasons they achieve, and the time period of said seasons. Players will receive $660 per credited season every month for the 2015-2017 seasons, and $760 per credited season every month for the 2018-2020 seasons.

The NFL’s 401(k) program, which is otherwise known as the Second Career Savings Plan, offers players a 2:1 match up to $26,000 once players have two credited seasons in the NFL.

The last retirement benefit available to NFL players is an annuity plan. Once players have four credited seasons, the league will contribute $80,000 per credited season from 2014-2017, and $95,000 per credited season from 2018-2020. Players can begin collecting this benefit once they reach 35-years-old.

Full details of the NFL’s retirement plan can be found in the league’s Collective Bargaining Agreement.

Read more: LINK