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Pension Plan and Employee Benefits (Tables)

9 Months Ended

Sep. 30, 2021

The components of net periodic pension and Other Benefits cost for the three and nine months ended September 30, 2021, and 2020 were as follows:


	PENSION BENEFITS				OTHER BENEFITS
	FOR THE THREE MONTHS ENDED SEPT. 30,				FOR THE THREE MONTHS ENDED SEPT. 30,
(THOUSANDS)	2021		2020		2021		2020
Components of periodic benefit costs
Service cost	$	2,629	$	2,455	$	629	$	600
Interest cost	4,667		5,204		317		418
Expected return on plan assets	(5,700)		(6,244)		—		—
Amortizations
Prior period service credit	—		(15)		—		—
Net loss	5,184		4,073		373		362
Net periodic benefit cost	6,780		5,473		1,319		1,380
Special/contractual termination benefits	3,270		—		—		—
Total benefit cost	$	10,050	$	5,473	$	1,319	$	1,380


	PENSION BENEFITS				OTHER BENEFITS
	FOR THE NINE MONTHS ENDED SEPT. 30,				FOR THE NINE MONTHS ENDED SEPT. 30,
(THOUSANDS)	2021		2020		2021		2020
Components of periodic benefit costs
Service cost	$	7,887	$	7,365	$	1,819	$	1,615
Interest cost	14,001		15,612		962		1,238
Expected return on plan assets	(17,101)		(18,731)		—		—
Amortizations
Prior period service credit	—		(45)		—		—
Net loss	15,553		12,222		1,143		1,042
Net periodic benefit cost	20,340		16,423		3,924		3,895
Special/contractual termination benefits	3,270		—		—		—
Total benefit cost	$	23,610	$	16,423	$	3,924	$	3,895

The components of the net periodic benefit cost related to SERP for the three and nine months ended September 30, 2021, and 2020 were as follows:


	FOR THE THREE MONTHS ENDED SEPT. 30,				FOR THE NINE MONTHS ENDED SEPT. 30,
(THOUSANDS)	2021		2020		2021		2020
Components of periodic benefit costs
Service cost	$	59	$	100	$	174	$	300
Interest cost	634		733		1,903		2,199
Amortizations
Prior period service credit	(54)		(54)		(161)		(161)
Net loss	307		796		921		2,388
Net periodic benefit cost	$	946	$	1,575	$	2,837	$	4,726

The current and non-current portions of

the Other Benefits liability for Cleco and Cleco Power at September 30, 2021, and December 31, 2020, were as follows:

The current and non-current portions of the SERP liability for Cleco and Cleco Power at September 30, 2021, and December 31, 2020, were as follows:

Cleco’s 401(k) Plan expense for the three and nine months ended September 30, 2021, and 2020 was as follows:


	FOR THE THREE MONTHS ENDED SEPT. 30,				FOR THE NINE MONTHS ENDED SEPT. 30,
(THOUSANDS)	2021		2020		2021		2020
401(k) Plan expense	$	2,512	$	2,356	$	7,391	$	7,509

The expense of the 401(k) Plan related to Cleco’s other

subsidiaries for the three and nine months ended September 30, 2021, and 2020 was as follows:


	FOR THE THREE MONTHS ENDED SEPT. 30,				FOR THE NINE MONTHS ENDED SEPT. 30,
(THOUSANDS)	2021		2020		2021		2020
401(k) Plan expense	$	1,185	$	996	$	3,511	$	3,491