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EMPLOYEE BENEFIT PLANS
3 Months Ended
Dec. 31, 2014
Compensation and Retirement Disclosure [Abstract]  
EMPLOYEE BENEFIT PLANS
EMPLOYEE BENEFIT PLANS

Pension and Other Postemployment Benefit Plans

The components of the net periodic cost for pension benefits, including the Company's Pension Equalization Plan, and OPEB costs (principally health care and life insurance) for employees and covered dependents were as follows:
 
Pension
OPEB
 
Three Months Ended
Three Months Ended
 
December 31,
December 31,
(Thousands)
2014
2013
2014
2013
Service cost
$
1,871

$
1,536

$
1,063

$
981

Interest cost
2,550

2,516

1,435

1,433

Expected return on plan assets
(4,272
)
(3,869
)
(1,244
)
(1,044
)
Recognized actuarial loss
1,745

1,399

736

625

Prior service cost amortization
28

28

(91
)
(89
)
Recognized net initial obligation



3

Net periodic benefit cost
$
1,922

$
1,610

$
1,899

$
1,909


The Company does not expect to be required to make additional contributions to fund the pension plans over the next three fiscal years based on current actuarial assumptions; however, funding requirements are uncertain and can depend significantly on changes in actuarial assumptions, returns on plan assets, interest rates and changes in the demographics of eligible employees and covered dependents. In addition, as in the past, the Company may elect to make contributions in excess of the minimum required amount to the plans. There were no discretionary contributions made during the three months ended December 31, 2014 and 2013.