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Pension and Postretirement Benefits
9 Months Ended
Mar. 31, 2019
Retirement Benefits [Abstract]  
Pension and Postretirement Benefits
Pension and Postretirement Benefits

The Company has noncontributory defined benefit retirement plans and postretirement plans covering certain employees. The following tables summarize the plans’ income and expense for the periods indicated (in thousands):
 
 
Pension Benefits
 
Other Postretirement Benefits
 
 
Three Months Ended
 
Three Months Ended
 
 
March 31,
2019
 
April 1,
2018
 
March 31,
2019
 
April 1,
2018
Components of Net Periodic (Income) Expense:
 
 
 
 
 
 
 
 
Service Cost (Credit)
 
$
1,157

 
$
601

 
$
26

 
$
34

Interest Cost on Projected Benefit Obligation
 
9,930

 
10,767

 
583

 
593

Expected Return on Plan Assets
 
(13,582
)
 
(15,478
)
 

 

Amortization of:
 
 
 
 
 
 
 
 
Prior Service Cost (Credit)
 
45

 
45

 
(182
)
 
(359
)
Actuarial Loss
 
2,910

 
3,833

 
790

 
863

Net Periodic (Income) Expense
 
$
460

 
$
(232
)
 
$
1,217

 
$
1,131



 
 
Pension Benefits
 
Other Postretirement Benefits
 
 
Nine Months Ended
 
Nine Months Ended
 
 
March 31,
2019
 
April 1,
2018
 
March 31,
2019
 
April 1,
2018
Components of Net Periodic (Income) Expense:
 
 
 
 
 
 
 
 
Service Cost
 
$
3,427

 
$
1,802

 
$
79

 
$
101

Interest Cost on Projected Benefit Obligation
 
29,790

 
32,301

 
1,749

 
1,779

Expected Return on Plan Assets
 
(40,745
)
 
(46,434
)
 

 

Amortization of:
 
 
 
 
 
 
 
 
Prior Service Cost (Credit)
 
134

 
134

 
(547
)
 
(1,076
)
Actuarial Loss
 
8,729

 
11,499

 
2,370

 
2,590

Net Periodic (Income) Expense
 
$
1,335

 
$
(698
)
 
$
3,651

 
$
3,394



The Company expects to make benefit payments of $3.4 million attributable to its non-qualified pension plans for the full year of fiscal 2019. During the first nine months of fiscal 2019, the Company made payments of approximately $2.8 million for its non-qualified pension plans. The Company anticipates making benefit payments of approximately $7.9 million for its other postretirement benefit plans for the full year of fiscal 2019. During the first nine months of fiscal 2019, the Company made payments of $6.8 million for its other postretirement benefit plans.
 
During the first nine months of fiscal 2019, the Company made no cash contributions to the qualified pension plan. Based upon current regulations and actuarial studies the Company is required to make no minimum contributions to the qualified pension plan in fiscal 2019. The Company may be required to make further required contributions in future years or the future expected funding requirements may change depending on a variety of factors including the actual return on plan assets, the funded status of the plan in future periods, and changes in actuarial assumptions or regulations.