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Pension and postretirement benefits (Tables)
6 Months Ended
Jun. 30, 2021
Employee benefits  
Components of Net Periodic Pension/Postretirement Benefit Cost

 

 

 

 

 

 

 

 

 

 

 

Pension Plans

 

OPEB Plan

 

 

Quarters ended June 30,

 

Quarters ended June 30,

(In thousands)

 

2021

 

2020

 

2021

 

2020

Personnel Cost:

 

 

 

 

 

 

 

 

Service cost

$

-

$

-

$

160

$

178

Other operating expenses:

 

 

 

 

 

 

 

 

Interest cost

 

3,998

 

5,847

 

893

 

1,228

Expected return on plan assets

 

(9,670)

 

(9,526)

 

-

 

-

Amortization of prior service cost/(credit)

 

-

 

-

 

-

 

-

Amortization of net loss

 

4,720

 

5,220

 

469

 

142

Total net periodic pension cost

$

(952)

$

1,541

$

1,522

$

1,548

 

 

Pension Plans

 

OPEB Plan

 

 

Six months ended June 30,

 

Six months ended June 30,

(In thousands)

 

2021

 

2020

 

2021

 

2020

Personnel Cost:

 

 

 

 

 

 

 

 

Service cost

$

-

$

-

$

320

$

356

Other operating expenses:

 

 

 

 

 

 

 

 

Interest cost

 

7,996

 

11,694

 

1,785

 

2,456

Expected return on plan assets

 

(19,341)

 

(19,052)

 

-

 

-

Amortization prior service cost/(credit)

 

-

 

-

 

-

 

-

Amortization of net loss

 

9,440

 

10,440

 

939

 

284

Total net periodic pension cost

$

(1,905)

$

3,082

$

3,044

$

3,096

Schedule of expected benefit payments

 

For the six months ended

For the year ending

(In thousands)

June 30, 2021

December 31, 2021

Pension Plans

$

114

$

229

OPEB Plan

$

3,030

$

6,333