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Pension and postretirement benefits (Tables)
9 Months Ended
Sep. 30, 2021
Employee benefits  
Components of Net Periodic Pension/Postretirement Benefit Cost

 

 

 

 

 

 

 

 

 

 

 

Pension Plans

 

OPEB Plan

 

 

Quarters ended September 30,

 

Quarters ended September 30,

(In thousands)

 

2021

 

2020

 

2021

 

2020

Personnel Cost:

 

 

 

 

 

 

 

 

Service cost

$

-

$

-

$

160

$

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

 

4,719

 

5,220

 

468

 

142

Total net periodic pension cost

$

(953)

$

1,541

$

1,521

$

1,548

 

 

Pension Plans

 

OPEB Plan

 

 

Nine months ended September 30,

 

Nine months ended September 30,

(In thousands)

 

2021

 

2020

 

2021

 

2020

Personnel Cost:

 

 

 

 

 

 

 

 

Service cost

$

-

$

-

$

480

$

535

Other operating expenses:

 

 

 

 

 

 

 

 

Interest cost

 

11,994

 

17,541

 

2,679

 

3,684

Expected return on plan assets

 

(29,011)

 

(28,577)

 

-

 

-

Amortization prior service cost/(credit)

 

-

 

-

 

-

 

-

Amortization of net loss

 

14,159

 

15,660

 

1,407

 

426

Total net periodic pension cost

$

(2,858)

$

4,624

$

4,566

$

4,645

Schedule of expected benefit payments

 

For the nine months ended

For the year ending

(In thousands)

September 30, 2021

December 31, 2021

Pension Plans

$

172

$

229

OPEB Plan

$

4,640

$

6,333