After his competitive period ended, Račič chose to pursue athletics as lifelong work. He began his career as a trainer in 1953 and served as coach of the Slovenian women's national athletic team from 1960 through 1968. In addition to roles in his native country, he also coached in Sweden and Kuwait. He was eventually certified as an international athletics judge, a role in which, as of 2009, he continues to serve. On the administrative side he worked on committees that helped organize the 1979 Mediterranean Games in Split, the 1984 Winter Olympics in Sarajevo, and the 1987 Summer Universiade in Zagreb. In 1997 he became the only Slovenian to receive the Gold Badge of the European Athletic Association and in 2001 garnered recognition from the International Olympic Committee for his contribution to amateur sports. As of September 2010 he was the second-oldest living Slovenian Olympic athlete, behind Tone Pogačnik, and was working on a book detailing the history of Slovenian athletics based on his research as well as his personal experiences. He became the oldest living Slovenian Olympic athlete upon Pogačnik's death in June 2013.