The NPB started holding explanatory meetings regarding the current pension system for retired players (anywhere from 800 to about 1,000) on Thursday. The NPB is starting this off with meetings in Tokyo and Nagoya and will slowly branch out to other areas with the hopes of holding a total 26 meetings by January 2011. Meetings for active players will take place during spring camp (February).
There is currently 7.4B yen in pensions fund and the NPB is proposing that the amount be split up amongst both retired and active players (about 1,600 in all). A number of retired players that attended the meetings on Thursday were apparently dissatisfied and noted how serious the situation was. On a whole, it seems as though most of the retired players felt there wasn't much more that could be done and signed agreements to go along with closing out the current pension system.
The NPB is hoping to gain enough signatures so that they can make it official by early March.