XML 84 R63.htm IDEA: XBRL DOCUMENT v3.10.0.1
Retirement Plan And Other Post-Retirement Benefits (Schedule Of Benefit Obligations, Plan Assets And Funded Status) (Details) - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2016
Defined Benefit Plan Disclosure [Line Items]      
Non-Current Assets $ 82,733 $ 56,370  
Amortization period 10 years    
Retirement Plan [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Benefit Obligation at Beginning of Period $ 1,054,826 1,097,421 $ 1,026,190
Service Cost 9,921 11,969 11,710
Interest Cost 33,006 38,383 42,315
Plan Participants' Contributions 0 0 0
Retiree Drug Subsidy Receipts 0 0 0
Actuarial (Gain) Loss (50,218) (32,466) 76,309
Benefits Paid (61,845) (60,481) (59,103)
Benefit Obligation at End of Period 985,690 1,054,826 1,097,421
Fair Value of Assets at Beginning of Period 910,719 869,775 834,870
Actual Return on Plan Assets 42,652 84,279 87,008
Employer Contributions 32,980 17,146 7,000
Plan Participants' Contributions 0 0 0
Benefits Paid (61,845) (60,481) (59,103)
Fair Value of Assets at End of Period 924,506 910,719 869,775
Net Amount Recognized at End of Period (Funded Status) (61,184) (144,107) (227,646)
Non-Current Liabilities (61,184) (144,107) (227,646)
Non-Current Assets 0 0 0
Accumulated Benefit Obligation $ 946,763 $ 1,010,179 $ 1,039,408
Discount Rate 4.30% 3.77% 3.60%
Rate of Compensation Increase 4.70% 4.70% 4.70%
Expected Return on Plan Assets $ (61,715) $ (59,718) $ (59,369)
Amortization of Prior Service Cost (Credit) 938 1,058 1,234
Recognition of Actuarial Loss [1] 37,205 42,687 32,248
Net Amortization and Deferral for Regulatory Purposes 9,027 469 3,957
Net Periodic Benefit Cost $ 28,382 $ 34,848 $ 32,095
Effective Discount Rate for Benefit Obligations 3.77% 3.60% 4.25%
Effective Rate for Interest on Benefit Obligations 3.23% 3.60% 4.25%
Effective Discount Rate for Service Cost 4.00% 3.60% 4.25%
Effective Rate for Interest on Service Cost 3.73% 3.60% 4.25%
Expected Return on Plan Assets 7.00% 7.00% 7.25%
Rate of Compensation Increase 4.70% 4.70% 4.75%
Other Post-Retirement Benefit Plans [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Benefit Obligation at Beginning of Period $ 462,619 $ 526,138 $ 464,987
Service Cost 1,830 2,449 2,331
Interest Cost 14,801 19,007 20,386
Plan Participants' Contributions 2,894 2,717 2,558
Retiree Drug Subsidy Receipts 1,545 1,553 1,925
Actuarial (Gain) Loss (21,039) (62,215) 60,402
Benefits Paid (26,664) (27,030) (26,451)
Benefit Obligation at End of Period 435,986 462,619 526,138
Fair Value of Assets at Beginning of Period 514,017 494,320 477,959
Actual Return on Plan Assets 20,657 40,157 37,415
Employer Contributions 2,896 3,853 2,839
Plan Participants' Contributions 2,894 2,717 2,558
Benefits Paid (26,664) (27,030) (26,451)
Fair Value of Assets at End of Period 513,800 514,017 494,320
Net Amount Recognized at End of Period (Funded Status) 77,814 51,398 (31,818)
Non-Current Liabilities (4,919) (4,972) (49,467)
Non-Current Assets $ 82,733 $ 56,370 $ 17,649
Discount Rate 4.31% 3.81% 3.70%
Rate of Compensation Increase 4.70% 4.70% 4.70%
Expected Return on Plan Assets $ (31,482) $ (31,458) $ (31,535)
Amortization of Prior Service Cost (Credit) (429) (429) (912)
Recognition of Actuarial Loss [1] 10,558 18,415 5,530
Net Amortization and Deferral for Regulatory Purposes 15,028 6,108 17,123
Net Periodic Benefit Cost $ 10,306 $ 14,092 $ 12,923
Effective Discount Rate for Benefit Obligations 3.81% 3.70% 4.50%
Effective Rate for Interest on Benefit Obligations 3.29% 3.70% 4.50%
Effective Discount Rate for Service Cost 4.10% 3.70% 4.50%
Effective Rate for Interest on Service Cost 3.98% 3.70% 4.50%
Expected Return on Plan Assets 6.25% 6.50% 6.75%
Rate of Compensation Increase 4.70% 4.70% 4.75%
[1] Distribution Corporation’s New York jurisdiction calculates the amortization of the actuarial loss on a vintage year basis over 10 years, as mandated by the NYPSC. All the other subsidiaries of the Company utilize the corridor approach.