EMPLOYEE BENEFITS

3 Months Ended

Sep. 30, 2019

EMPLOYEE BENEFITS

EMPLOYEE BENEFITS

(10) EMPLOYEE BENEFITS

In connection with the Company’s acquisition of Allstream, Inc. in January 2016, the Company assumed sponsorship for a defined pension plan for certain employees of Allstream, Inc. The Company also assumed sponsorship of an OPEB for certain employees of Allstream, Inc., which provides health care and life insurance benefits for certain eligible retirees. These OPEB plans are not funded. Benefits are paid directly to the participants of these plans.

The service cost component of the defined benefit pension and post-retirement benefit (OPEB) plans is included within selling, general and administrative expenses and all other components are recognized in other income, net in the accompanying condensed consolidated statements of operations.

	Pension Plans
	Three Months Ended September 30,
	2019		2018
	(in millions)
Service cost	$	0.6	$	0.8
Interest cost		0.9		0.9
Expected return on plan assets		(1.3)		(1.4)
Amortization of service cost from earlier periods		0.2		0.2
Gain on curtailment(1)		—		(0.4)
Net periodic pension benefit cost	$	0.4	$	0.1

(1) During the three months ended September 30, 2018, the Company approved an amendment to the defined benefit pension plan freezing benefit accruals for certain members of the pension plan as of September 30, 2018. The plan freeze had an immaterial impact to the financial statements for the period ended September 30, 2018.

	OPEB Plans
	Three Months Ended September 30,
	2019		2018
	(in millions)
Interest cost	$	0.1		0.1
Net periodic OPEB benefit cost	$	0.1	$	0.1