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Pension Plans and Other Postretirement Benefits
9 Months Ended
Jun. 24, 2017
Defined Benefit Pension Plans And Defined Benefit Postretirement Plans Disclosure [Abstract]  
Pension Plans and Other Postretirement Benefits

12.

Pension Plans and Other Postretirement Benefits

The following table provides the components of net periodic benefit costs:

 

 

 

Pension Benefits

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

June 24,

 

 

June 25,

 

 

June 24,

 

 

June 25,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Interest cost

 

$

1,041

 

 

$

1,260

 

 

$

3,123

 

 

$

3,781

 

Expected return on plan assets

 

 

(537

)

 

 

(854

)

 

 

(1,611

)

 

 

(2,563

)

Amortization of net loss (gain)

 

 

1,301

 

 

 

1,304

 

 

 

3,901

 

 

 

3,913

 

Net periodic benefit cost

 

$

1,805

 

 

$

1,710

 

 

$

5,413

 

 

$

5,131

 

 

 

 

Postretirement Benefits

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

June 24,

 

 

June 25,

 

 

June 24,

 

 

June 25,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Interest cost

 

$

96

 

 

$

130

 

 

$

288

 

 

$

400

 

Amortization of prior service credits

 

 

 

 

 

(100

)

 

 

 

 

 

(300

)

Amortization of net loss (gain)

 

 

(98

)

 

 

(74

)

 

 

(292

)

 

 

(223

)

Net periodic benefit cost

 

$

(2

)

 

$

(44

)

 

$

(4

)

 

$

(123

)

 

The Partnership expects to contribute approximately $9,527 to the defined benefit pension plan during fiscal 2017, of which $7,542 was contributed during the nine months ended June 24, 2017. The projected annual contribution requirements related to the Partnership’s postretirement health care and life insurance benefit plan for fiscal 2017 is $922, of which $899 was contributed during the nine months ended June 24, 2017.

The Partnership contributes to multi-employer pension plans (“MEPPs”) in accordance with various collective bargaining agreements covering union employees. As one of the many participating employers in these MEPPs, the Partnership is responsible with the other participating employers for any plan underfunding.  As of June 24, 2017 and September 24, 2016, the Partnership’s estimated obligation to these MEPPs was $22,960 and $24,205, respectively, as a result of its voluntary withdrawal from certain MEPPs.