Pension and Postretirement Benefits (Tables)

3 Months Ended

Mar. 31, 2024

Employee benefits

Components of Net Periodic Pension/Postretirement Benefit Cost

Pension Plans

OPEB Plan

Quarter ended March 31,

Quarter ended March 31,

(In thousands)

2024

2023

2024

2023

Personnel Cost:

 Service cost

$

-

$

-

$

32

$

48

Other operating expenses:

 Interest cost

7,558

7,887

1,421

1,520

 Expected return on plan assets

(8,594)

(8,591)

-

-

 Amortization of prior service cost/(credit)

-

-

-

-

 Amortization of net loss

4,166

5,366

(548)

(553)

Total net periodic pension cost 

$

3,130

$

4,662

$

905

$

1,015

Schedule of expected benefit payments

For the quarter ended

For the year ending

(In thousands)

March 31, 2024

December 31, 2024

Pension Plans

$

57

$

228

OPEB Plan

$

1,597

$

5,744