Get ready for a knockout in the world of retirement security, because California has just landed a historic blow by establishing the nation's first-ever pension fund for mixed martial arts (MMA) fighters. Governor Gavin Newsom signed Assembly Bill 1136 into law, paving the way for a long-awaited safety net for these often overlooked athletes.
This landmark legislation, taking effect on January 1st, 2024, aims to address the unique financial challenges faced by MMA fighters. Unlike their counterparts in many other professional sports, MMA fighters typically have shorter careers marked by grueling physical demands and a. . .