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Pension and postretirement benefits (Tables)
9 Months Ended
Sep. 30, 2020
Compensation And Retirement Disclosure [Abstract]  
Components of Net Periodic Pension/Postretirement Benefit Cost

 

 

 

 

 

 

 

 

 

 

 

Pension Plans

 

OPEB Plan

 

 

Quarters ended September 30,

 

Quarters ended September 30,

(In thousands)

 

2020

 

2019

 

2020

 

2019

Personnel Cost:

 

 

 

 

 

 

 

 

Service cost

$

-

$

-

$

178

$

190

Other operating expenses:

 

 

 

 

 

 

 

 

Interest cost

 

5,847

 

7,109

 

1,228

 

1,489

Expected return on plan assets

 

(9,526)

 

(8,096)

 

-

 

-

Amortization of prior service cost/(credit)

 

-

 

-

 

-

 

-

Amortization of net loss

 

5,220

 

5,877

 

142

 

-

Total net periodic pension cost

$

1,541

$

4,890

$

1,548

$

1,679

 

 

Pension Plans

 

OPEB Plan

 

 

Nine months ended September 30,

 

Nine months ended September 30,

(In thousands)

 

2020

 

2019

 

2020

 

2019

Personnel Cost:

 

 

 

 

 

 

 

 

Service cost

$

-

$

-

$

535

$

570

Other operating expenses:

 

 

 

 

 

 

 

 

Interest cost

 

17,541

 

21,329

 

3,684

 

4,466

Expected return on plan assets

 

(28,577)

 

(24,288)

 

-

 

-

Amortization prior service cost/(credit)

 

-

 

-

 

-

 

-

Amortization of net loss

 

15,660

 

17,629

 

426

 

-

Total net periodic pension cost

$

4,624

$

14,670

$

4,645

$

5,036

Schedule of accumulated and projected benefit obligations

 

For the nine months ended

For the year ending

(In thousands)

September 30, 2020

December 31, 2020

Pension Plans

$

171

$

229

OPEB Plan

$

4,600

$

6,516