Athletes who represented USA at Olympics, Paralympics to get $200,000 in post-retirement benefits
A $100 million donation by a philanthropist Ross Stevens to the US Olympic and Paralympic Committee (USOPC) has opened the doors for American athletes who have represented the country at Olympics and Paralympics to receive at least $200,000 in post-retirement benefits, the governing body for Olympic and Paralympics sports in USA announced on Wednesday.
All eligible athletes who have competed at Olympics and Paralympics are eligible to receive a “Stevens Financial Security Award” consisting of two six-figure payments, US media reported. Of this, the families of the athletes will be eligible to receive $100,000 upon their death. And the other half will be given to the athlete over a four-year period after the end of their Olympic or Paralympic careers (20 years after their qualifying Games ...