A state agency in charge of the little-known retirement plan for professional fighters voted Monday to pay one who was repeatedly told he didn't qualify.
For years, Paul Banke desperately needed the money he believed California owed him. The former super-bantamweight world champion boxer had been struggling with cancer treatment and had to sell his car when the transmission went out during the pandemic. Banke, who made headlines in 1995 when he became the first major U.S. boxer to publicly acknowledge that he had AIDS, was certain he was owed a pension from California's unique retirement system for boxers.
He said the pension money will allow him to buy a car. 'This is a lot of money for me,' Banke said. The plan offers pensions to any professional boxer, regardless of residency, who logged at least 75 scheduled rounds in California with no more than a three-year break. Pension amounts are determined by how many rounds the boxer fought and the size of the purses. Boxers can claim their pensions at ago 50, or earlier if used for medical or educational purposes.
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