California is the First State to Start MMA Fighter Retirement Fund. Starts in 2024.
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Lets yell at California for what they are doing versus the private businesses creating something on their own. Wehe!
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- This MMA pension fund is a massive win for fighters, who are publicly supporting it.
- Other states should follow California footstep, either by creating their own pension fund or combine forces so the cards that takes place in their states would contribute to the same fund.
- The number of idiotic posts in this thread would be reduced by 90% had everyone are capable of reading the actual bill instead pulling conspiracy theories out of their asses.
- Other states should follow California footstep, either by creating their own pension fund or combine forces so the cards that takes place in their states would contribute to the same fund.
- The number of idiotic posts in this thread would be reduced by 90% had everyone are capable of reading the actual bill instead pulling conspiracy theories out of their asses.
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Why is this a thing? Are we still trying to coddle people and protect them from their stupid life choices?
"Won't somebody please think of that poor idiot who decided to pursue CTE instead of further education or job certs?!!!"
"Won't somebody please think of that poor idiot who decided to pursue CTE instead of further education or job certs?!!!"
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Sooo... If you're a coach too? Or trainer? Interesting.
The 50 age thing makes more sense.
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Aren't most UFC fights in Vegas anyway?
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Simple Jealousy? lol... Much more complex than that. I love San Diego, used to live there. Wouldn't mind going back if I made 3x the salary I do... Make that 5x the salary.
A progressive state with the both the richest people in the nations and also the most poverty...
Did you not notice the massive amounts of people and businesses who fled due to shit government policies. So many in fact, California issued an Exit Tax to tax businesses and people after they leave for 10 years so their Tax Base Income doesn't collapse.
I agree, it's a gorgeous state with some of the best Tech Companies in the US.
But Hollywood is fading... TV and the Movie industry isn't the same as it was even 10 years ago. Kids aren't watching TV and aren't into movies like we were.
And the Politicians... whew. San Fran has a Poop tracking Smart Phone app due to the massive number homeless shitting in the streets... where people can let the city know so they can clean it up... lol. And Californians are paying $7+/gallon for gas in places. Why is that? I can go on and on.
But people there keep voting for this... Congrates, more power to them.
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None of that refutes California has the strongest economy in the US (paralleling most countries), is the epicentre for technology, advanced education, innovation and entertainment.
plus the prettiest woman and great weather.
yep, more power to them. Definitely not for everyone!
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We're talking about MMA and fight promotions.
"The astonishing depth the California regional scene presents is unparalleled. While some of the states previously mentioned have, say, 15 prospects on the verge of a UFC contract, California easily has three times as many.
Between LFA, Taichi Palace Fights and a whole host of smaller regional promotions, California’s MMA scene isn't going anywhere — anywhere but up, that is.
It doesn’t hurt California that some of the best MMA gyms in the entire world are located there."
https://www.flocombat.com/articles/...op-5-regional-mma-scenes-in-the-united-states
Recall this article on what California is up to with the MMA and other pension funds. California Democrats want more pension money, as that money will be used to direction corporations to promote blue policies ~
California Keeps Trying to Seize More Assets for its Political Pension Funds
Controlling hundreds of billions in assets is a whole lot of power.
https://www.frontpagemag.com/califo...-more-assets-for-its-political-pension-funds/
excerpt:
This seems like madness until you understand the method.
The California Legislature has unanimously approved a Bay Area lawmaker’s proposal to create the nation’s first state-run pension fund for mixed-martial arts fighters.
Assembly Bill 1136 by Asm. Matt Haney (D-San Francisco) passed the State Senate with a 34-0 vote and the Assembly on a 76-0 vote this week, sending the bill to Gov. Gavin Newsom for his signature.
“We are providing mixed martial arts athletes with an opportunity to secure their financial future and ensuring they have money set aside when needed,” Haney said. “This groundbreaking initiative sets a new standard in the sport, further demonstrating California’s unwavering commitment to MMA fighters who risk their lives for the sport.”
It’s not just MMA fighters. California’s one-party state has been aggressively expanding the scope of its pension assets.
Last year, Sacramento unleashed CalSavers. Employers are obligated to turn over the names of employees to CalSavers who are then automatically signed up and have a portion of their paycheck deducted unless they know enough to opt out.
Calsavers now has over $600 million in assets from around half a million people to manage. About a third were wise enough to drop out. Most weren’t.
David Teykaerts, the head of CalSavers was brought in from the California Public Employees Retirement System (CalPERS).
How is CalPERS doing?
The California Public Employees’ Retirement System performed worse on average than other large U.S. public pension systems over the last decade, missing out on billions of dollars in potential earnings, Chief Investment Officer Nicole Musicco told the system’s Board of Administration this week.
Not like the pensions of a huge chunk of the public bureaucracy and employees of the state are on the line.
The pension fund staff calls it a “prudent” calculated risk. Critics call it a desperation move. Both agree that the fund — which faces hundreds of billions in unfunded future pension debt, persistently basement-scraping interest rates and now a pandemic-ravaged economy — is under pressure to perform.
CalPERS’ turn to direct lending is part of a broader rethinking of the pension fund’s money-making strategy, approved by the organization’s board last month. The plan also allows the fund to borrow up to $80 billion to goose potential profits — an 11-figure sum has generated skepticism from some financial experts and howls of protest from some corners of the political and financial commentariat.
Now many more Californians at CalSavers can enjoy the high standards of the CalPERS approach.
Does this matter to anyone outside California? Yes.
These people don’t care about pensions except as assets they can play with. Gobble them up, make money playing with them, dedicate them to politically correct causes, and then weaponize them.
Here’s what New York is doing......
California Keeps Trying to Seize More Assets for its Political Pension Funds
Controlling hundreds of billions in assets is a whole lot of power.
https://www.frontpagemag.com/califo...-more-assets-for-its-political-pension-funds/
excerpt:
This seems like madness until you understand the method.
The California Legislature has unanimously approved a Bay Area lawmaker’s proposal to create the nation’s first state-run pension fund for mixed-martial arts fighters.
Assembly Bill 1136 by Asm. Matt Haney (D-San Francisco) passed the State Senate with a 34-0 vote and the Assembly on a 76-0 vote this week, sending the bill to Gov. Gavin Newsom for his signature.
“We are providing mixed martial arts athletes with an opportunity to secure their financial future and ensuring they have money set aside when needed,” Haney said. “This groundbreaking initiative sets a new standard in the sport, further demonstrating California’s unwavering commitment to MMA fighters who risk their lives for the sport.”
It’s not just MMA fighters. California’s one-party state has been aggressively expanding the scope of its pension assets.
Last year, Sacramento unleashed CalSavers. Employers are obligated to turn over the names of employees to CalSavers who are then automatically signed up and have a portion of their paycheck deducted unless they know enough to opt out.
Calsavers now has over $600 million in assets from around half a million people to manage. About a third were wise enough to drop out. Most weren’t.
David Teykaerts, the head of CalSavers was brought in from the California Public Employees Retirement System (CalPERS).
How is CalPERS doing?
The California Public Employees’ Retirement System performed worse on average than other large U.S. public pension systems over the last decade, missing out on billions of dollars in potential earnings, Chief Investment Officer Nicole Musicco told the system’s Board of Administration this week.
Not like the pensions of a huge chunk of the public bureaucracy and employees of the state are on the line.
The pension fund staff calls it a “prudent” calculated risk. Critics call it a desperation move. Both agree that the fund — which faces hundreds of billions in unfunded future pension debt, persistently basement-scraping interest rates and now a pandemic-ravaged economy — is under pressure to perform.
CalPERS’ turn to direct lending is part of a broader rethinking of the pension fund’s money-making strategy, approved by the organization’s board last month. The plan also allows the fund to borrow up to $80 billion to goose potential profits — an 11-figure sum has generated skepticism from some financial experts and howls of protest from some corners of the political and financial commentariat.
Now many more Californians at CalSavers can enjoy the high standards of the CalPERS approach.
Does this matter to anyone outside California? Yes.
These people don’t care about pensions except as assets they can play with. Gobble them up, make money playing with them, dedicate them to politically correct causes, and then weaponize them.
Here’s what New York is doing......
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I hate to break your heart, but the reparations bill never made it, shoplifting is a huge problem with surges in many states (look beyond the headlines a little), and fighter retirement pay is not being financed by tax dollars. Missing by a wide margin on all counts. Nice try though.
People are so jealous of CA, and the hilarious thing is they paint it as somehow all the same when it has far more variation than ANY other state.
Don't feel bad, people of your type are never strong on the facts.
But I know, you and your buddies don't agree, but consider your company:
Why am I not surprised you are a mega libby lmao.
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It has the most people.
It has the largest agriculture.
It is a liberal cesspool which wants to protect pedophiles and give out reparations.
All of these things are facts.
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Poor loser. Blocked.
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That's nice that you pasted an opinion piece, problem is, it is total bullshit. "Unfunded pension" is a key word for idiot. Pension funds are never funded ahead of time, so all of the are "unfunded." The way they work is you get funds as people pay into it. That statement is a sure sign of an ignorant and biased individual trying to slant the facts.
Fact checks-
(1) My previous post and link showing that 70% of US GDP is from blue counties. The counties in the US that elected Biden account for 71% of US GDP. Hard to swallow, but a fact, nevertheless. Look it up yourself.
(2) now let's examine your poverty statement about CA with some facts.
Here's the highest poverty states:
Overall, out of Americans for whom the Census Bureau was able to determine poverty status, 42.31 million lived below the poverty line (or 13.15% of the total population). Poverty rates were highest in the states of Mississippi (19.58%), Louisiana (18.65%), New Mexico (18.55%), West Virginia (17.10%), Kentucky (16.61%), and Arkansas (16.08%), and they were lowest in the states of New Hampshire (7.42%), Maryland (9.02%), Utah (9.13%), Hawaii (9.26%).
(3) and let's examine the poverty rate that you speak of, and compare it to other states:
Georgia 10,238,369 1,461,572 14.28%
I'm going to say CA stacks up pretty well.
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Yep, that's what I think too
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lmao!!!
As stated; the irrational emotions are real!
Hey, hey. Party time!
Calm down weird little libby guy from the cesspool state.
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Destroyed.
