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Trust Funds

All articles tagged with #trust funds

"NCAA Convention to Debate Future of Athlete Compensation and Proposed Subdivision Reforms"

Originally Published 2 years ago — by CBS Sports

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Source: CBS Sports

NCAA President Charlie Baker has proposed a significant change to college sports, suggesting that schools should be able to negotiate NIL (Name, Image, and Likeness) deals directly with athletes and establish trust funds of up to $30,000 per athlete. This proposal, which could lead to a new subdivision within the NCAA for rules-making, will be discussed at the NCAA Convention and could be adopted in parts, with the first actions potentially taking place as early as August. While there is general support for the proposal, there are concerns about its implementation and legal implications, especially regarding the financial burden on schools and the potential for further legal and legislative challenges to the NCAA's model of athlete compensation.

"Social Security Funds Depletion Date Announced"

Originally Published 2 years ago — by AS USA

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Source: AS USA

The Social Security Board of Trustees has revealed that the cash for the Social Security program will run out in 2031, a year earlier than previously estimated, due to slower-than-expected economic growth. If more funds are not directed to the support, 66 million recipients will have their benefits cut by a quarter. The combined asset reserves of both the Aging and Survivors Insurance (OASI) and Disability Insurance (DI) Trust Funds will be depleted by 2034, and there will only be enough revenue to pay for 80% of scheduled benefits. The problem for the system to navigate is an aging population, meaning fewer workers are paying in.