The ATP Player Retirement Plan enjoyed another successful year in 2023, when a total of US$18.7 million was contributed to the fund, which is designed to provide players with financial support in retirement.
There are currently 878 players vested in the plan, which was formally established in 1990 and offers participants funds for 20 years beginning at age 50. The 2023 contribution brings the fund’s total assets to US$270 million, a more than seven-time increase from US$37 million in 2000.
The 165 players who met the qualification criteria last season will receive US$113,600, credited as a contribution in 2023.
Building on the success of the scheme and its importance to players, the Player Retirement Plan will expand from 165 players qualifying each year to 300 players, starting in 2024. The expansion reflects the strong financial health of the ATP and its commitment to support players even after they hang up their racquets.
The start of the plan goes back to the early years of the ATP, when influential player and administrator Jaime Fillol played a key role in the establishment of the plan in the late 1980s. With the start of the ATP Tour in 1990, the plan became one of the key programs for the player members.
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