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Postretirement Benefits
 6 Months Ended
Jun. 30, 2020
Retirement Benefits [Abstract]  
Postretirement Benefits Postretirement Benefits
 
Pension plans
Our pension plans consist of a noncontributory defined benefit pension plan covering substantially all employees and an unfunded supplemental employee retirement plan for certain members of executive and senior management. Although we are the sponsor of these postretirement plans and record the funded status of these plans, the Exchange and its subsidiaries reimburse us for approximately 58% of the annual benefit expense of these plans, which represents pension benefits for employees performing administrative services and their allocated share of costs for employees in departments that support the administrative functions.
The cost of our pension plans are as follows:
Three months ended June 30,Six months ended June 30,
(in thousands)2020201920202019
Service cost for benefits earned$10,874  $8,464  $21,747  $16,927  
Interest cost on benefits obligation9,394  9,826  18,789  19,653  
Expected return on plan assets(12,353) (11,871) (24,706) (23,742) 
Prior service cost amortization335  348  671  697  
Net actuarial loss amortization3,031  1,278  6,062  2,556  
Pension plan cost (1)
$11,281  $8,045  $22,563  $16,091  
(1)The components of pension plan costs other than the service cost component are included in the line item "Other (expense) income" in the Statements of Operations after reimbursements from the Exchange and its subsidiaries.