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Note 4 - Components of Pension and Other Post-employment Benefit (OPEB) Plans Net Periodic Benefit Costs:
3 Months Ended
Mar. 31, 2022
Notes to Financial Statements  
Retirement Benefits [Text Block]

NOTE 4—COMPONENTS OF PENSION AND OTHER POST-EMPLOYMENT BENEFIT (OPEB) PLANS NET PERIODIC BENEFIT COSTS:

 

The components of Net Periodic Benefit (Credit) Cost are as follows:

 

   

Pension Benefits

   

Other Post-Employment Benefits

 
   

Three Months Ended

   

Three Months Ended

 
   

March 31,

   

March 31,

 
   

2022

   

2021

   

2022

   

2021

 

Service Cost

  $ 302     $ 279     $     $  

Interest Cost

    4,135       3,550       1,974       1,818  

Expected Return on Plan Assets

    (9,319 )     (10,542 )            

Amortization of Prior Service Credits

                (601 )     (601 )

Amortization of Actuarial Loss

    758       1,367       879       1,629  

Net Periodic Benefit (Credit) Cost

  $ (4,124 )   $ (5,346 )   $ 2,252     $ 2,846  

 

(Credits) expenses related to pension and other post-employment benefits are reflected in Operating and Other Costs in the Consolidated Statements of Income.