PROVIDENCE, R.I. (WPRI) -- Providence and North Providence have the worst-funded municipal-run pension plans in Rhode Island, depending on the metric used, according to the latest report on the state's 33 independent plans.

The report has its roots in the state pension overhaul enacted in 2011 and championed by then-Treasurer Gina Raimondo. That law and subsequent statutes established more robust reporting requirements for municipalities that operate their own pension plans outside the state system, which have long been a source of concern for experts.

More than half of Rhode Island communities have at least one such plan. (Johnson recently created three new plans, bringing the total statewide to 36, but data is not yet available on those.)

The latest report was completed in late April

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