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Pension and postretirement benefits (Tables)
6 Months Ended
Jun. 30, 2022
Employee benefits  
Components of Net Periodic Pension/Postretirement Benefit Cost

 

 

 

 

 

 

 

 

 

 

 

Pension Plans

 

OPEB Plan

 

 

Quarters ended June 30,

 

Quarters ended June 30,

(In thousands)

 

2022

 

2021

 

2022

 

2021

Personnel Cost:

 

 

 

 

 

 

 

 

Service cost

$

-

$

-

$

121

$

160

Other operating expenses:

 

 

 

 

 

 

 

 

Interest cost

 

4,800

 

3,998

 

983

 

893

Expected return on plan assets

 

(8,847)

 

(9,670)

 

-

 

-

Amortization of prior service cost/(credit)

 

-

 

-

 

-

 

-

Amortization of net loss

 

3,911

 

4,720

 

-

 

469

Total net periodic pension cost

$

(136)

$

(952)

$

1,104

$

1,522

 

 

Pension Plans

 

OPEB Plan

 

 

Six months ended June 30,

 

Six months ended June 30,

(In thousands)

 

2022

 

2021

 

2022

 

2021

Personnel Cost:

 

 

 

 

 

 

 

 

Service cost

$

-

$

-

$

242

$

320

Other operating expenses:

 

 

 

 

 

 

 

 

Interest cost

 

9,600

 

7,996

 

1,966

 

1,785

Expected return on plan assets

 

(17,694)

 

(19,341)

 

-

 

-

Amortization prior service cost/(credit)

 

-

 

-

 

-

 

-

Amortization of net loss

 

7,822

 

9,440

 

-

 

939

Total net periodic pension cost

$

(272)

$

(1,905)

$

2,208

$

3,044

Schedule of expected benefit payments

 

For the six months ended

For the year ending

(In thousands)

June 30, 2022

December 31, 2022

Pension Plans

$

114

$

227

OPEB Plan

$

3,305

$

5,971