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NHLPA increases benefits for Senior Retired Players Fund

Jul 31, 2013, 11:09 PM EDT

NHLPA

It’s not just vacation fun and games for the NHL Players’ Association during the summer, they’re taking care of some business as well.

The union announced they were increasing the amount they annually give to the Senior Retired Players Fund by $1 million. That increases their annual payout to $6 million to retired players 65 years-old or older.

The fund was started after the settlement of the 2004-2005 lockout to help older players, some of whom had fallen on hard times in later years. According to the union, over 350 former players get a cut of the money.

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