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Pension and postretirement benefits (Tables)
3 Months Ended
Mar. 31, 2021
Employee benefits  
Components of Net Periodic Pension/Postretirement Benefit Cost

 

 

 

 

 

 

 

 

 

 

 

Pension Plans

 

OPEB Plan

 

 

Quarters ended March 31,

 

Quarters ended March 31,

(In thousands)

 

2021

 

2020

 

2021

 

2020

Personnel Cost:

 

 

 

 

 

 

 

 

Service cost

$

-

$

-

$

159

$

178

Other operating expenses:

 

 

 

 

 

 

 

 

Interest cost

 

3,998

 

5,847

 

893

 

1,228

Expected return on plan assets

 

(9,670)

 

(9,526)

 

-

 

-

Amortization of prior service cost/(credit)

 

-

 

-

 

-

 

-

Amortization of net loss

 

4,720

 

5,220

 

470

 

142

Total net periodic pension cost

$

(952)

$

1,541

$

1,522

$

1,548

Schedule of expected benefit payments

 

For the quarter ended

For the year ending

(In thousands)

March 31, 2021

December 31, 2021

Pension Plans

$

57

$

229

OPEB Plan

$

1,567

$

6,333