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Pension and Other Postretirement Benefits
9 Months Ended
Sep. 27, 2020
Retirement Benefits [Abstract]  
Pension and Other Postretirement Benefits PENSION AND OTHER POSTRETIREMENT BENEFITS
Pension
Single-Employer Plans
    We maintain The New York Times Companies Pension Plan (the “Pension Plan”), a frozen single-employer defined benefit pension plan. The Company also jointly sponsors a defined benefit plan with The NewsGuild of New York known as the Guild-Times Adjustable Pension Plan (the “APP”) that continues to accrue active benefits.
    We also have a foreign-based pension plan for certain employees (the “foreign plan”). The information for the foreign plan is combined with the information for U.S. non-qualified plans. The benefit obligation of the foreign plan is immaterial to our total benefit obligation.
    The components of net periodic pension cost/(income) were as follows:
For the Quarters Ended
 September 27, 2020September 29, 2019
(In thousands)Qualified
Plans
Non-
Qualified
Plans
All
Plans
Qualified
Plans
Non-
Qualified
Plans
All
Plans
Service cost$2,608 $— $2,608 $1,278 $— $1,278 
Interest cost 11,742 1,648 13,390 14,708 2,089 16,797 
Expected return on plan assets (17,741)— (17,741)(20,258)— (20,258)
Amortization of actuarial loss 5,655 1,521 7,176 4,635 1,094 5,729 
Amortization of prior service credit (486)— (486)(487)— (487)
Net periodic pension cost/(income) (1)
$1,778 $3,169 $4,947 $(124)$3,183 $3,059 
For the Nine Months Ended
 September 27, 2020September 29, 2019
(In thousands)Qualified
Plans
Non-
Qualified
Plans
All
Plans
Qualified
Plans
Non-
Qualified
Plans
All
Plans
Service cost$7,822 $— $7,822 $3,835 $— $3,835 
Interest cost 35,226 4,945 40,171 44,125 6,265 50,390 
Expected return on plan assets (53,222)— (53,222)(60,775)— (60,775)
Amortization of actuarial loss 16,966 4,564 21,530 13,905 3,282 17,187 
Amortization of prior service credit (1,459)— (1,459)(1,459)— (1,459)
Net periodic pension cost/(income) (1)
$5,333 $9,509 $14,842 $(369)$9,547 $9,178 
(1) The service cost component of net periodic pension cost is recognized in Total operating costs, while the other components are included in Other components of net periodic benefit costs in our Condensed Consolidated Statements of Operations, below Operating profit.
During the first nine months of 2020 and 2019, we made pension contributions of $6.9 million and $6.3 million, respectively, to the APP. We expect contributions in 2020 to total approximately $9 million to satisfy funding requirements.
As part of our continued effort to reduce the size and volatility of our pension plan obligations, and the administrative costs related thereto, in October 2020 we entered into an agreement with an insurance company to transfer approximately $235 million in pension obligations under the Pension Plan. See Note 16 for more information.
Multiemployer Plans
During the third quarter of 2019 we recorded a gain of $2.0 million from a multiemployer pension liability adjustment, which was recorded in Gain from pension liability adjustment in our Condensed Consolidated Statements of Operations.

Other Postretirement Benefits
The components of net periodic postretirement benefit (income)/cost were as follows:
For the Quarters EndedFor the Nine Months Ended
(In thousands)September 27, 2020September 29, 2019September 27, 2020September 29, 2019
Service cost$$$21 $20 
Interest cost 257 402 770 1,202 
Amortization of actuarial loss 763 843 2,289 2,531 
Amortization of prior service credit (1,099)(1,192)(3,378)(3,574)
Net periodic postretirement benefit (income)/cost (1)
$(72)$59 $(298)$179 
(1) The service cost component of net periodic postretirement benefit cost is recognized in Total operating costs, while the other components are included in Other components of net periodic benefit costs in our Condensed Consolidated Statements of Operations, below Operating profit.