Benefit Plans

9 Months Ended

Sep. 30, 2020

Retirement Benefits [Abstract]

Benefit Plans

Benefit Plans

Table 10.1 and 10.2 provide the components of net periodic benefit cost for our pension, supplemental executive retirement and other postretirement benefit plans for the three and nine months ended September 30, 2020 and 2019.

Components of net periodic benefit cost
Table	10.1
		Three Months Ended September 30,
		Pension and Supplemental Executive Retirement Plans				Other Postretirement Benefit Plans
(In thousands)		2020		2019		2020		2019
Service cost		$	1,848	$	2,086	$	316	$	337
Interest cost		3,375		3,926		208		283
Expected return on plan assets		$	(5,526)	$	(4,866)	$	(1,852)	$	(1,447)
Amortization of net actuarial losses/(gains)		1,580		2,103		(196)		—
Amortization of prior service cost/(credit)		$	(62)	$	(71)	$	13	$	(8)
Cost of settlements		6,520		—		—		—
Net periodic benefit cost (benefit)		$	7,735	$	3,178	$	(1,511)	$	(835)

Components of net periodic benefit cost
Table	10.2
		Nine Months Ended September 30,
		Pension and Supplemental Executive Retirement Plans				Other Postretirement Benefit Plans
(In thousands)		2020		2019		2020		2019
Service cost		$	5,545	$	6,258	$	947	$	1,009
Interest cost		10,125		11,779		624		848
Expected return on plan assets		(16,579)		(14,599)		(5,556)		(4,339)
Amortization of net actuarial losses/(gains)		4,740		6,309		(587)		—
Amortization of prior service cost/(credit)		(186)		(211)		38		(25)
Cost of settlements		6,520		—		—		—
Net periodic benefit cost (benefit)		$	10,165	$	9,536	$	(4,534)	$	(2,507)

Contributions of $12.4 million have been made to our qualified pension and supplemental executive retirement plan in 2020, of which $6.5 million were made to our qualified pension plan. We recorded a pension settlement accounting charge of $6.5 million in 2020.