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Pension and Other Postretirement Benefits
3 Months Ended
Mar. 31, 2019
Compensation And Retirement Disclosure [Abstract]  
Pension and Other Postretirement Benefits

8.      Pension and Other Postretirement Benefits

 

In 2019, the Corporation amended retiree health benefits for one of its other postretirement benefit plans to a stipend and reimbursement plan, with the amendment becoming effective in 2020. Additionally, future hires will be no longer eligible for retiree medical or life insurance. Changes to retiree health benefits resulted in a remeasurement of the liability, reducing the liability by $4,632, and a curtailment gain of $15.

Contributions were as follows:

 

 

 

Three Months Ended March 31,

 

 

 

2019

 

 

2018

 

U.S. defined benefit pension plans

 

$

253

 

 

$

0

 

Foreign defined benefit pension plans

 

 

93

 

 

 

540

 

Other postretirement benefits (e.g., net payments)

 

 

266

 

 

 

307

 

U.K. defined contribution pension plan

 

 

85

 

 

 

91

 

U.S. defined contribution plan

 

 

625

 

 

 

705

 

 

Net periodic pension and other postretirement benefit costs include the following components:

 

 

 

Three Months Ended March 31,

 

U.S. Defined Benefit Pension Plans

 

2019

 

 

2018

 

Service cost

 

$

194

 

 

$

335

 

Interest cost

 

 

2,220

 

 

 

2,040

 

Expected return on plan assets

 

 

(3,173

)

 

 

(3,284

)

Amortization of prior service cost

 

 

9

 

 

 

13

 

Amortization of actuarial loss

 

 

308

 

 

 

475

 

Net benefit income

 

$

(442

)

 

$

(421

)

 

 

 

 

Three Months Ended March 31,

 

Foreign Defined Benefit Pension Plans

 

2019

 

 

2018

 

Service cost

 

$

102

 

 

$

111

 

Interest cost

 

 

357

 

 

 

364

 

Expected return on plan assets

 

 

(591

)

 

 

(672

)

Amortization of prior service credit

 

 

(72

)

 

 

(88

)

Amortization of actuarial loss

 

 

166

 

 

 

194

 

Net benefit income

 

$

(38

)

 

$

(91

)

 

 

 

Three Months Ended March 31,

 

Other Postretirement Benefit Plans

 

2019

 

 

2018

 

Service cost

 

$

88

 

 

$

102

 

Interest cost

 

 

105

 

 

 

125

 

Amortization of prior service credit

 

 

(489

)

 

 

(402

)

Amortization of actuarial gain

 

 

(83

)

 

 

(62

)

Curtailment gain

 

 

(15

)

 

 

0

 

Net benefit income

 

$

(394

)

 

$

(237

)