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Pension and Post-retirement Benefits
6 Months Ended
Mar. 31, 2015
Pension and Post-retirement Benefits  
Pension and Post-retirement Benefits

 

Note 5.    Pension and Post-retirement Benefits

 

Components of net periodic pension and post-retirement benefit cost for the three months and six months ended March 31, 2014 and 2015 are as follows:

 

 

 

Three Months Ended March 31,

 

Six Months Ended March 31,

 

 

 

Pension Benefits

 

Other Benefits

 

Pension Benefits

 

Other Benefits

 

 

 

2014

 

2015

 

2014

 

2015

 

2014

 

2015

 

2014

 

2015

 

Service cost

 

$

992

 

$

974

 

$

66

 

$

85

 

$

1,985

 

$

1,949

 

$

133

 

$

169

 

Interest cost

 

2,845

 

2,582

 

1,144

 

1,096

 

5,700

 

5,223

 

2,289

 

2,192

 

Expected return

 

(3,566

)

(3,483

)

 

 

(7,144

)

(7,046

)

 

 

Amortizations

 

1,355

 

1,355

 

(224

)

608

 

2,709

 

2,716

 

(449

)

1,217

 

Net periodic benefit cost

 

$

1,626

 

$

1,428

 

$

986

 

$

1,789

 

$

3,250

 

$

2,842

 

$

1,973

 

$

3,578

 

 

The Company has a minimum contribution requirement of approximately $800 in fiscal 2015 to the U.S. pension plan. While the Company has not yet contributed to Company sponsored domestic pension plans,, the Company contributed $2,096 to its other post-retirement benefit plans and $463 to the U.K. pension plan for the six months ended March 31, 2015. The Company presently expects future contributions of $2,381 to its other post-retirement benefit plan and $512 to the U.K. pension plan for the remainder of fiscal 2015 and is evaluating possible contribution amounts to the U.S. pension plan.