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slides: The Worst Funded Local Retiree Benefit Plans

Thursday, January 22, 2015

GoLocalProv News Team

Charlestown

Find out how much money your city, town, or school district owes for retiree health care and other benefits.

Related Slideshow: City and Town Retiree Benefits Liabilities

The below slides list the liabilities for retiree health care and other post-employment benefits (OPEB) in cities, towns, and school districts that have local plans. For each jurisdiction, the total liability and the amount that is unfunded are displayed. The slides also show how much is funded as a percent and indicate the date that the numbers were estimated. In many instances, the most recently available figures are from several years ago. Note that in some communities the OPEB liabilities are broken out into separate plans, one for the city and town and one for the school district. Data source: the report of the Locally-Administered Pension and OPEB Study Commission, dated Jan. 9, 2015.

Bristol Warren Schools

Total Liability: $22,072,077

Unfunded Liability: $22,072,077

% Funded: 0.00%

Valuation Date: 7/1/2013

Burrillville

Total Liability: $2,510,127

Unfunded Liability: $2,510,127

% Funded: 0.00%

Valuation Date: 7/1/12

Central Falls

Total Liability: $12,000,546

Unfunded Liability: $12,000,546

% Funded: 0.00%

Valuation Date: 6/30/13

Chariho Schools

Total Liability: $1,472,182

Unfunded Liability: $1,472,182

% Funded: 0.00%

Valuation Date: 7/1/11

Coventry

Total Liability: $12,523,000

Unfunded Liability: $12,523,000

% Funded: 0.00%

Valuation Date: 7/1/11

Cranston Schools

Total Liability: $26,287,884

Unfunded Liability: $26,287,884

% Funded: 0.00%

Valuation Date: 6/30/11

Cumberland

Total Liability: $39,386,221

Unfunded Liability: $39,386,221

% Funded: 0.00%

Valuation Date: 7/1/11

East Greenwich

Total Liability: $11,544,931

Unfunded Liability: $11,544,931

% Funded: 0.00%

Valuation Date: 7/1/10

East Greenwich Schools

Total Liability: $4,110,870

Unfunded Liability: $4,110,870

% Funded: 0.00%

Valuation Date: 7/1/10

East Providence City

Total Liability: $76,217,756

Unfunded Liability: $76,217,756

% Funded: 0.00%

Valuation Date: 11/1/10

East Providence Schools

Total Liability: $28,331,194

Unfunded Liability: $28, 331,194

% Funded: 0.00

Valuation date: 11/1/10

Exeter W. Greenwhich Schools

Total Liability: $3,999,389

Unfunded Liability: $3,999,389

% Funded: 0.00%

Valuation Date: 7/1/12

Foster

Total Liability: $780,502

Unfunded Liability: $780, 502

% Funded: 0.00%

Valuation Date: 7/1/09

Foster Glocester Schools

Total Liability: $3,015,744

Unfunded Liability: $3,015,744

% Funded: 0.00%

Valuation Date: 7/1/11

Glocester

Total Liability: $2,104,978

Unfunded Liability: $2,104,978

% Funded: 0.00%

Valuation Date: 7/1/12

Jamestown Schools

Total Liability: $6,496,005

Unfunded Liability: $6,496,005

% Funded: 0.00%

Valuation Date: 7/1/11

Jamestown

Total Liability: $3,482,971

Unfunded Liability: $3,482,971

% Funded: 0.00%

Valuation Date: 7/1/11

Johnston

Total Liability: $199,586,608

Unfunded Liability: $199,586,608

% Funded: 0.00 %

Valuation Date: 7/1/13

Little Compton

Total Liability: $2,788,371

Unfunded Liability: $2,788,371

% Funded: 0.00%

Valuation Date: 7/1/13

Narragansett

Total Liability: $71,347,783

Unfunded Liability: $71,347,783

% Funded: 0.00%

Valuation Date: 7/1/11

North Kingstown

Total Liability: $36,223,703

Unfunded Liability: $36,223,703

% Funded: 0.00 %

Valuation Date: 7/1/10

North Providence

Total Liability: $66,227,000

Unfunded Liability: $66,227,000

% Funded: 0.00%

Valuation Date: 7/1/12

North Smithfield

Total Liability: $7,141,640

Unfunded Liability: $7,141,640

% Funded: 0.00%

Valuation Date: 7/1/13

Pawtucket

Total Liability: $309,654,353

Unfunded Liability:$309,654,353

% Funded: 0.00%

Valuation Date: 7/1/13

Portsmouth Schools

Total Liability: $7,207,872

Unfunded Liability: $7,207,872

% Funded: 0.00%

Valuation Date: 7/1/11

Providence

Total Liability: $1,149,115,000

Unfunded Liability: $1,149,115,000

% Funded: 0.00%

Valuation Date: 7/1/11

Scituate

Total Liability: $3,977,363

Unfunded Liability: $3,977,363

% Funded: 0.00%

Valuation Date: 4/1/12

Tiverton

Total Liability: $24,492,216

Unfunded Liability: $24,492,216

% Funded: 0.00%

Valuation Date: 7/1/12

Warwick

Total Liability: $223,593,412

Unfunded Liability: $223,593,412

% Funded: 0.00%

Valuation Date: 7/1/11

Warwick Schools

Total Liability: $37,833,649

Unfunded Liability: $37,833,649

% Funded: 0.00%

Valuation Date: 7/1/11

West Warwick

Total Liability: $57,953,063

Unfunded Liability: $57,953,063

% Funded: 0.00%

Valuation Date: 7/1/13

Westerly Schools

Total Liability: $974,441

Unfunded Liability: $974,441

% Funded: 0.00%

Valuation Date: 7/1/12

Woonsocket

Total Liability: $157,305,211

Unfunded Liability: $157,305,211

% Funded: 0.00%

Valuation Date: 7/1/12

Woonsocket Schools

Total Liability: $59,447,193

Unfunded Liability: $59,447,193

% Funded: 0.00%

Valuation Date: 7/1/12

New Shoreham

Total Liability: $1,643,452

Unfunded Liability: $1,643,452

% Funded: 0.00%

Valuation Date: NA

West Greenwich

Total Liability: $73,250

Unfunded Liability: $73,250

% Funded: 0.00%

Valuation Date: NA

Cranston

Total Liability: $63,353,593

Unfunded Liability: $63,098,440

% Funded: 0.40%

Valuation Date: 7/1/12

Lincoln

Total Liability: $15,778,660

Unfunded Liability: $15,498,655

% Funded: 1.80%

Valuation Date: 7/1/12

Portsmouth

Total Liability: $13,090,922

Unfunded Liability: $12,688,743

% Funded: 3.10%

Valuation Date: 7/1/12

Smithfield

Total Liability: $24,768,046

Unfunded Liability: $23,790,579

% Funded: 3.90%

Valuation Date: 6/30/13

South Kingstown

Total Liability: $19,260,000

Unfunded Liability: $17,610,000

% Funded: 8.60%

Valuation Date: 7/1/11

Middletown

Total Liability: $33,178,340

Unfunded Liability: $29,160,190

% Funded: 12.10%

Valuation Date: 6/30/13

Barrington Schools

Total Liability: $19,496,370

Unfunded Liability: $16,971,386

% Funded: 13.00%

Valuation Date: 7/1/11

Warren

Total Liability: $4,332,008

Unfunded Liability: $3,592,138

% Funded: 17.10%

Valuation Date: 7/1/11

Barrington

Total Liability: $5,992,513

Unfunded Liability: $4,774,940

% Funded: 20.30%

Valuation Date: 7/1/10

Westerly

Total Liability: $14,382,821

Unfunded Liability: $10,909,168

% Funded: 24.20%

Valuation Date: 7/1/12

Newport

Total Liability: $119,400,005

Unfunded Liability: $90,372,187

% Funded: 24.30%

Valuation Date: 7/1/13

Bristol

Total Liability: $16,495,428

Unfunded Liability: $11,979,428

% Funded: 27.40%

Valuation Date: 7/1/14

Charlestown

Total Liability: $5,361,000

Unfunded Liability: $3,567,000

% Funded: 33.50%

Valuation Date: 7/1/12

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