How Much Do NFL Referees Make?
How Much Do NFL Referees Make?
This is a question that is often asked by those who are curious about the compensation of officials in the National Football League. According to Business Insider, the average salary for an NFL referee is $173,000 per year.
NFL Referee Salaries
NFL referees are some of the highest-paid officials in all of professional sports. According to Business Insider, the average salary for an NFL referee is $205,000 per year. That’s not bad at all, considering that the average salary for an NFL player is only $2 million per year.
How much do NFL referees make?
According to Business Insider, NFL referees make an average of $205,000 per year. However, salaries can range from $165,000 to $276,000 per year. Referees are also given a pension and 401(k) retirement plan.
How do NFL referee salaries compare to other professional sports leagues?
In the NFL, the average salary for a referee is $173,000 per year. This is higher than the average salaries for officials in other professional sports leagues, such as the NBA and MLB. NFL referees are considered part of the “officiating crew” for a game, and they are responsible for several duties during the course of a contest. These duties include:
-Enforcing fouls and penalties
-Keeping track of game time
-Making sure players are following the rules
-Throwing flags to signal infractions
-Communicating with coaches and other officials
-Reviewing plays to see if they should be challenged or overturned
The salary for an NFL referee can vary based on experience and tenure. For example, a first-year referee in the NFL will make $110,000 per year, while a veteran referee with 20 years of experience can earn up to $205,000 per year.
NFL Referee Benefits
NFL referees are some of the highest-paid officials in all of professional sports. In addition to their salary, NFL referees also receive a number of perks and benefits. These benefits include pension and 401k plans, health insurance, and travel expenses. NFL referees also have the opportunity to work a number of high-profile games.
What benefits do NFL referees receive?
In addition to their salaries, NFL referees are given a generous benefits package that includes a retirement plan, health insurance, and disability insurance.
The retirement plan is especially generous, and allows NFL referees to retire at age 50 with 20 years of service, or at any age with 25 years of service.
NFL referees also receive 5 weeks of paid vacation per year, and an additional 3 weeks of paid vacation every 3 years.
How do NFL referee benefits compare to other professional sports leagues?
In the NFL, officials are part-time employees and do not receive benefits such as health insurance or a retirement plan. They are also paid very well for their services. The average salary for an NFL official is $173,000 per year, which is more than what officials in other professional sports leagues make.
In comparison, NBA officials make an average of $150,000 per year, MLB umpires make an average of $120,000 per year, and NHL officials make an average of $110,000 per year. NFL officials also receive a pension plan when they retire.
So while NFL officials do not receive benefits such as health insurance, they are still compensated very well for their services.
NFL Referee Retirement
Once an NFL referee reaches the age of 50, they are eligible to retire. According to USA Today, the average NFL referee makes $173,000 per year. NFL referees also get a pension, which is why many of them choose to retire at the age of 50.
What is the NFL referee retirement plan?
The National Football League (NFL) has a retirement plan for its officials, which is a defined benefit pension plan. The plan is currently under the umbrella of the NFL pension plan, and is available to eligible officials who have worked at least 20 years in the league.
According to the most recent public filings, the NFL referee retirement plan is funded by the league and team contribution levels that are set each year by the NFL’s Management Council Executive Committee. In 2017, the league contributed $18.9 million to the pension plan, while teams contributed an additional $3.2 million.
As of December 31st, 2017, there were 1,490 active participants in the NFL referee retirement plan, with an average benefit of $39,600 per year. The median benefit was $34,700 per year. There were also 955 inactive vested participants in the plan who were not yet eligible to receive benefits, and 1,163 retirees receiving benefits.
The average monthly benefit for a retiree was $2,480 in 2017. The median monthly benefit was $2,070.
How does the NFL referee retirement plan compare to other professional sports leagues?
The National Football League (NFL) has a defined benefit pension plan for its officials. This means that NFL referees receive a certain amount of money every month once they reach retirement age. The amount of money that an official receives is based on their years of service and the average amount of their salary over their last three years worked.
To vested in the NFL referee pension plan, an official must work for at least three years. They will then receive $200 per month for each year worked, up to a maximum of 20 years. So, an official who retires after 20 years will receive $4,000 per month from the NFL pension plan.
In addition to the monthly pension payment, NFL referees are also eligible for 401(k) and 403(b) retirement savings plans. They can contribute up to $18,000 per year to these plans (or $24,000 if they are over the age of 50). The NFL contributes an additional 10% of an officials salary to their retirement savings plans.
Officials can also purchase annuities with their retirement savings. An annuity is a sum of money that is paid out over time, typically in monthly payments. This can provide officials with a steady stream of income in retirement.
Compared to other professional sports leagues in the United States, the NFL offers a very generous retirement package to its officials. In Major League Baseball (MLB), for example, umpires do not have a defined benefit pension plan and must rely solely on their 401(k) savings plans. MLB umpires are also only eligible for this retirement savings plan after they have worked for five years.
