NY: Task Force Indicates Racing Industry Should Help Subsidize Jockey Disability Benefits
In a meeting held Dec. 18, the New York Task Force on Jockey Health and Safety recommended that the racing industry in the state should help subsidize health and disability benefits for jockeys.
According to the Daily Racing Form, the seven-member task force will submit its recommendations to Gov. Andrew Cuomo in March. The contribution from the industry in the state is expected to total around $1 million – although where the funds will be drawn from still remains a question mark.
Under a proposal presented by jockeys John Velazquez and Ramon Dominguez, a Health and Welfare Trust would be established. This fund would utilize “a Health Reimbursement Account for each eligible, active, retired, or permanently disabled jockey in which the New York State contributions will be held for each year.”
Riders could then use those funds to purchase health or welfare benefits, or the money could be put into a deferred income plan.
The task force indicated that jockeys that had at least 200 mounts at a NYRA track during the year would qualify for the benefits; retired jockeys who rode at least 7,500 mounts in New York and rode at least one race after Jan. 1, 2009, would also be eligible.
Read more in the Daily Racing Form