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

 

 

 

 

 

 

 

 

 

 

 

Pension Plans

 

OPEB Plan

 

 

Quarters ended September 30,

 

Quarters ended September 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

 

4,719

 

-

 

468

Total net periodic pension cost

$

(136)

$

(953)

$

1,104

$

1,521

 

 

Pension Plans

 

OPEB Plan

 

 

Nine months ended September 30,

 

Nine months ended September 30,

(In thousands)

 

2022

 

2021

 

2022

 

2021

Personnel Cost:

 

 

 

 

 

 

 

 

Service cost

$

-

$

-

$

364

$

480

Other operating expenses:

 

 

 

 

 

 

 

 

Interest cost

 

14,399

 

11,994

 

2,948

 

2,679

Expected return on plan assets

 

(26,541)

 

(29,011)

 

-

 

-

Amortization prior service cost/(credit)

 

-

 

-

 

-

 

-

Amortization of net loss

 

11,733

 

14,159

 

-

 

1,407

Total net periodic pension cost

$

(409)

$

(2,858)

$

3,312

$

4,566

Schedule of expected benefit payments

 

For the nine months ended

For the year ending

(In thousands)

September 30, 2022

December 31, 2022

Pension Plans

$

170

$

227

OPEB Plan

$

5,046

$

5,971