PENSION AND OTHER POSTRETIREMENT BENEFITS (Tables)

3 Months Ended

Mar. 31, 2020

Defined Benefit Plan [Abstract]

Schedule of defined benefit plan disclosures

For the three months ended March 31, 2020 and 2019, net periodic benefit cost related to the SJI employee and officer pension and other postretirement benefit plans consisted of the following components (in thousands):

	Pension Benefits
	Three Months Ended March 31,
	2020		2019
Service Cost	$	1,688	$	1,719
Interest Cost	3,763		4,229
Expected Return on Plan Assets	(5,452)		(5,193)
Amortizations:
Prior Service Cost	26		26
Actuarial Loss	2,715		2,437
Net Periodic Benefit Cost	2,740		3,218
Capitalized Benefit Cost	(544)		(594)
Deferred Benefit Cost	(408)		(541)
Total Net Periodic Benefit Expense	$	1,788	$	2,083

	Other Postretirement Benefits
	Three Months Ended March 31,
	2020		2019
Service Cost	$	165	$	234
Interest Cost	608		628
Expected Return on Plan Assets	(1,346)		(1,149)
Amortizations:
Prior Service Cost	(144)		(143)
Actuarial Loss	192		263
Net Periodic Benefit Cost	(525)		(167)
Capitalized Benefit Cost	(108)		(56)
Deferred Benefit Cost	396		116
Total Net Periodic Benefit Expense	$	(237)	$	(107)