NFLPA announces increase in pension benefits for 1,722 former players

More than 1,700 players who played in the NFL between 1993 and 1996 will receive an increase in pension benefits, the National Football League Players

More than 1,700 players who played in the NFL between 1993 and 1996 will receive an increase in pension benefits, the National Football League Players Association (NFLPA) announced on Monday.

Monthly benefits for players vested under the NFL retirement plan after 1992 will increase to $363 from $265 for 1993-94 and $315 for 1995-96. 

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Among the same group of 1,722 players, 456 will see their monthly benefits increased to $363 for seasons credited before 1993.

The increase costs $35.4 million and is being financed over three years through a joint provision in the 2011 collective bargaining agreement. 

- Chris Johnson