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Pension Plan
6 Months Ended
Jun. 30, 2019
Retirement Benefits [Abstract]  
Pension Plan
24.Pension Plan

 

We operate a combined scheme which comprises a defined benefit section and a defined contribution section in the UK. The defined benefit section is closed to future accruals for services rendered to the Company. On March 15, 2019, it was agreed that no further deficit reduction contributions shall be made to the scheme, except in the event that the scheme funding level does not progress as expected, in which case contingent contributions would be made subject to an agreed maximum amount. No contingent contributions will become payable during the year ending December 31, 2019. The Company will continue to make expense allowance contributions to the scheme; however, no further expense allowance contributions will be made during the year ending December 31, 2019.

 

The total amount of employer contributions paid during the six months ended June 30, 2019 amounted to $0.2 million.

 

For the six months ended June 30, 2019 and 2018, the components of total periodic benefit costs were as follows:

 

   Six Months Ended 
   June 30, 
   2019   2018 
    (in millions) 
Components of net periodic benefit:          
           
Interest cost  $1.4   $1.5 
Expected return on plan assets   (1.8)   (1.9)
Net periodic benefit  $(0.4)  $(0.4)