Pension Benefit Guaranty Corporation

The New York Backstretch Employees Pension Trust has a bit of a "well-kept secret" shroud to it. Even longtime Thoroughbred owners who compete on the New York Racing Association (NYRA) circuit are sometimes unaware that a pension fund exists for the backstretch workers, and that 2% of the purses at Aqueduct Racetrack, Belmont Park and Saratoga Race Course are invested toward the retirements of the people who provide daily, hands-on care for horses. Despite the under-the-radar nature of the fund, those who oversee it are continually trying to make sure...