Retirees, the Young and the Wealthy

The two categories listed in the title of this post are meant to be separate.  From some folks’ point of view, Rhode Island’s retirees are both young and wealthy, as a group, but with this post, my intention is to take a look at age at retirement and the dollar amount of gross pensions as separate topics.

Regarding the first, the average retirement age of the 26,598 included in the database that the Employees’ Retirement System of Rhode Island (ERSRI) provided to RIOpenGov.org was 58 — with an average gross pension of $33,388 and years retired of 13.  Of course, different careers tend to come to retirement at different ages, and Rhode Island’s many public employers vary in their generosity.

As is to be expected, police, fire, and rescue departments lead the list of youngest retirees, with the following top 20:

 

Top 20 Rhode Island Police, Fire, & Rescue
Departments by Age at Retirement
Number of Retirees Average Age at Retirement Average Gross Pension ($) Average Years Retired
Harris Fire & Light Dist. 1 30 24,345 12
Hopkins Hill Fire Dept. 1 42 20,829 2
Richmond Police Dept. 1 42 26,392 9
Woonsocket Fire Dept. 12 42 25,378 5
Cranston Police 8 43 41,956 6
Woonsocket Police Dept. 52 44 32,490 5
Cumberland Rescue 4 44 20,003 7
Smithfield Police Dept. 3 44 24,232 13
New Shoreham Police Dept. 2 45 36,762 6
Cranston Fire 5 46 39,192 3
Lincoln Rescue 6 46 20,556 6
Washington Fire District 1 46 30,622 11
State Police 4 46 63,501 6
Coventry Fire Dist. 7 46 33,822 6
Johnston Firefighters 2 47 35,981 4
Charlestown Police Dept. 11 47 32,858 9
North Smithfield Fire & Rescue Services 5 47 31,819 7
Tiogue Fire Dist. 2 48 19,216 18
Burrillville Police Dept. 9 48 28,660 14
North Kingstown Police Dept. 30 48 33,592 8

 

Teachers begin retiring a few years later:

Top 20 Rhode Island Teacher Groups by
Age at Retirement
Number of Retirees
Average Age at Retirement
Average Gross Pension ($)
Average Years Retired
BEACON Charter School of Woonsocket
1
52
38,954
12
Charlestown Teachers
2
55
15,954
30
Johnston School Dept.
215
55
43,505
13
Tiverton School Dept.
161
55
41,322
13
West Warwick School Dept.
275
56
45,431
11
Smithfield School Dept.
173
56
41,023
13
Chariho Regional School Dist.
248
56
40,728
11
East Providence Schools
479
56
45,030
12
Northern Rhode Island Collaborative
10
56
38,481
7
Coventry Public Schools
325
56
47,098
13
Central Falls Collaborative
166
57
44,896
10
Narragansett School Dept.
123
57
40,643
10
Lincoln School Dept.
193
57
45,148
13
Bristol Warren Reg. School Dist.
296
57
41,421
13
Pawtucket School Dept.
632
57
43,330
12
Woonsocket School Dept.
469
57
42,289
12
Portsmouth School Dept.
211
57
43,065
12
North Providence School Dept.
251
57
46,787
11
Newport School Dept.
363
57
41,593
14
Cranston School Dept.
769
57
44,425
13

 

Switching to rankings of retirees by the amount of their pensions, Superior Court leads the list:

Top 20 Rhode Island Public Employers by
Average Gross Pension
Number of Retirees
Average Age at Retirement
Average Gross Pension ($)
Average Years Retired
Judges-Superior Court
10
70
104,264
5
Providence 12 month bi-weekly (teachers)
22
57
71,620
7
Coventry Lighting Dist.
1
80
68,834
5
State Police Judge
317
49
68,171
20
State Police
4
46
63,501
6
Narragansett School Dept./Adm.
5
59
62,731
6
Barrington Fire Dept. (25 Plan)
1
57
50,657
8
East Greenwich Hsg. Auth.
1
66
49,646
3
Coventry Public Schools
325
56
47,098
13
North Providence School Dept.
251
57
46,787
11
West Warwick School Dept.
275
56
45,431
11
Lincoln School Dept.
193
57
45,148
13
East Providence Schools
479
56
45,030
12
Central Falls Collaborative
166
57
44,896
10
Warwick School Dept.
980
57
44,598
14
Cranston School Dept.
769
57
44,425
13
Cumberland School Dept.
334
57
43,614
12
R.I. Airport Corporation
22
57
43,537
6
Johnston School Dept.
215
55
43,505
13
Pawtucket School Dept.
632
57
43,330
12

 

As far as individual retirees are concerned, however, the top list is much more dramatically dominated by judges:

Rhode Island’s 20 Highest Pensions
Former Employer
Age at Retirement
Gross Pension ($)
Years Retired
WEISBERGER, JOSEPH R State Police Judge (Supreme Court)
81
195,000
10
RODGERS, JOSEPH F State Police Judge (Supreme Court)
68
185,648
2
SHEA, DONALD F State Police Judge (Supreme Court)
70
174,144
16
ARRIGAN, ROBERT F State Police Judge (Worker’s Comp.)
70
171,567
8
MACKTAZ, PAMELA M State Police Judge (Family Court)
65
169,594
4
HIGGINS, Michael A State Police Judge (District Court)
66
168,770
1
DIPETRILLO, CARMINE R State Police Judge (Family Court) & Legislator
67
164,795
17
RAGOSTA, VINCENT A State Police Judge (Superior Court)
84
164,654
3
ROTONDI, JOHN J State Police Judge (Worker’s Comp.)
65
163,229
4
CRESTO, DOMINIC F State Police Judge (Superior Court)
67
162,800
12
GAGNON, RONALD R State Police Judge (Superior Court)
72
162,269
9
MOORE, PATRICIA D State Police Judge (District Court)
68
159,828
4
ISRAEL, RICHARD J State Police Judge (Superior Court)
71
159,762
10
LIPSEY, HOWARD I Superior Court
72
157,794
3
CAPPELLI, JOHN State Police Judge (District Court)
65
155,782
10
GRANDE, CORINNE P State Police Judge (Superior Court)
65
155,766
18
RAO, CARMINE A State Police Judge (Worker’s Comp.)
71
152,251
10
GORMAN, WALTER Superior Court
71
151,871
3
NAZARIAN, JOHN State
76
144,260
3
BERETTA, VICTOR State Police Judge (District Court)
65
143,003
18
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