PENSION AND OTHER POSTRETIREMENT BENEFITS (Tables)

3 Months Ended

Mar. 31, 2022

Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]

Schedule of Net Periodic Benefit Costs

For the three months ended March 31, 2022 and 2021, net periodic benefit cost related to the SJI employee and officer pension and other postretirement benefit plans consisted of the following components (in thousands):

	Pension Benefits
	Three Months Ended March 31,
	2022		2021
Service Cost	$	1,319	$	1,591
Interest Cost	3,415		3,236
Expected Return on Plan Assets	(6,201)		(5,834)
Amortizations:
Prior Service Cost	18		25
Actuarial Loss	1,839		3,194
Net Periodic Benefit Cost	390		2,212
Capitalized Benefit Cost	(491)		(566)
Deferred Benefit Cost (Credit)	334		(316)
Total Net Periodic Benefit Expense	$	233	$	1,330

	Other Postretirement Benefits
	Three Months Ended March 31,
	2022		2021
Service Cost	$	173	$	212
Interest Cost	502		475
Expected Return on Plan Assets	(1,692)		(1,436)
Amortizations:
Prior Service Cost	(156)		(156)
Actuarial Loss	35		273
Net Periodic Benefit Cost	(1,138)		(632)
Capitalized Benefit Cost	(60)		(106)
Deferred Benefit Cost	532		337
Total Net Periodic Benefit Expense	$	(666)	$	(401)