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Employee Benefit Plans (Tables)
 6 Months Ended
Dec. 31, 2019
Retirement Benefits [Abstract]  
Schedule of Net Periodic Benefit Costs
The net periodic benefit cost for the defined benefit pension plans is as follows:
 
 
Three Months Ended December 31,
 
Six Months Ended December 31,
 
 
2019
 
2018
 
2019
 
2018
(In thousands)
 
 
 
 
Service cost
 
$
—

 
$
—

 
$
—

 
$
—

Interest cost
 
1,059

 
1,426

 
2,118

 
2,852

Expected return on plan assets
 
(1,102
)
 
(1,485
)
 
(2,203
)
 
(2,970
)
Amortization of net loss(1)
 
370

 
370

 
740

 
740

Pension settlement charge
 
—

 
10,948

 
—

 
10,948

Net periodic benefit cost
 
$
327

 
$
11,259

 
$
655

 
$
11,570

___________
(1) These amounts represent the estimated portion of the net loss in AOCI that is expected to be recognized as a component of net periodic benefit cost over the current fiscal year. 
Contributions made by the Company to the multiemployer pension plans were as follows:
 
 
Three Months Ended December 31,
 
Six Months Ended December 31,
 
 
2019
 
2018
 
2019
 
2018
(In thousands)
 
 
 
 
Contributions
 
$
452

 
$
283

 
$
880

 
$
778


Outstanding balance of settlement obligations of the Company to certain multiemployer pension plans are as follows:
(In thousands)
 
December 31, 2019
 
June 30, 2019
WCT Pension Trust (1)
 
$
344

 
$
1,487

Local 807 Pension Fund (2)
 
$
182

 
$
182


__________
(1) Initial liability amount of $3.4 million, including interest, commencing in September 10, 2018, payable in 17 monthly installments of $190,507 followed by a final monthly installment of $153,822 in February 2020.
(2) Lump sum cash settlement payment of $3.0 million plus two remaining installment payments of $91,000 due on or before October 1, 2034 and on or before January 1, 2035. As of December 31, 2019, the Company has paid the Local 807 Pension Fund $3.0 million and has accrued $0.2 million within “Accrued pension liabilities” on the Company’s condensed consolidated balance sheet.
The following table shows the components of net periodic postretirement benefit cost for the Retiree Medical Plan and Death Benefit for the three and six months ended December 31, 2019 and 2018. Net periodic postretirement benefit cost was based on employee census information and asset information as of June 30, 2019. 
 
 
Three Months Ended December 31,
 
Six Months Ended December 31,
 
 
2019
 
2018
 
2019
 
2018
(In thousands)
 
 
 
 
 
 
 
 
Components of Net Periodic Postretirement Benefit Cost (Credit):
 
 
 
 
 
 
 
 
Service cost
 
$
147

 
$
133

 
$
294

 
$
266

Interest cost
 
214

 
222

 
428

 
444

Amortization of net gain
 
(125
)
 
(209
)
 
(250
)
 
(418
)
Amortization of prior service credit
 
(392
)
 
(439
)
 
(784
)
 
(878
)
Net periodic postretirement benefit credit
 
$
(156
)
 
$
(293
)
 
$
(312
)
 
$
(586
)
Defined Benefit Plan, Assumptions
Weighted-Average Assumptions Used to Determine Net Periodic Postretirement Benefit Cost 
 
 
Fiscal
 
 
2020
 
2019
Retiree Medical Plan discount rate
 
3.62%
 
4.25%
Death Benefit discount rate
 
3.64%
 
4.25%
Weighted-Average Assumptions Used to Determine Net Periodic Benefit Cost
 
 
December 31, 2019
 
June 30, 2019
Discount rate
 
3.45%
 
4.05%
Expected long-term return on plan assets
 
6.75%
 
6.75%