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Pension and Postretirement Benefits (Tables)
6 Months Ended
Jun. 30, 2024
Employee benefits  
Components of Net Periodic Pension/Postretirement Benefit Cost
 
 
 
 
 
 
 
 
 
 
 
 
 
Pension Plans
OPEB Plan
Quarter ended June 30,
Quarter ended June 30,
(In thousands)
2024
2023
2024
2023
Personnel Cost:
 
Service cost
$
-
$
-
$
32
$
48
Other operating expenses:
 
Interest cost
7,558
7,887
1,421
1,520
 
Expected return on plan assets
(8,594)
(8,591)
-
-
 
Amortization of prior service cost/(credit)
-
-
-
-
 
Amortization of net loss
4,166
5,366
(548)
(553)
Total net periodic
 
pension cost
 
$
3,130
$
4,662
$
905
$
1,015
 
 
 
 
 
 
 
 
 
 
 
 
 
Pension Plans
OPEB Plan
Six months ended June 30,
Six months ended June 30,
(In thousands)
2024
2023
2024
2023
Personnel Cost:
 
Service cost
$
-
$
-
$
63
$
95
Other operating expenses:
 
Interest cost
15,117
15,774
2,843
3,041
 
Expected return on plan assets
(17,188)
(17,183)
-
-
 
Amortization prior service cost/(credit)
-
-
-
-
 
Amortization of net loss
8,332
10,732
(1,096)
(1,106)
Total net periodic
 
pension cost
$
6,261
$
9,323
$
1,810
$
2,030
Schedule of expected benefit payments
 
 
 
 
 
For the six months ended
For the year ending
(In thousands)
June 30, 2024
December 31, 2024
Pension Plans
$
114
$
228
OPEB Plan
$
3,217
$
5,744