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Pension and Other Post-Retirement Benefits
 6 Months Ended
Jun. 30, 2020
General Discussion Of Pension And Other Postretirement Benefits [Abstract]  
Pension and Other Post-Retirement Benefits

Note 8. Pension and Other Post-Retirement Benefits

The following table sets forth certain disclosures for the Company’s pension and post-retirement plans for the periods indicated:

 

 

 

For the Three Months Ended June 30,

 

 

 

2020

 

 

2019

 

(in thousands)

 

Pension

Benefits

 

 

Post-

Retirement

Benefits

 

 

Pension

Benefits

 

 

Post-

Retirement

Benefits

 

Components of net periodic (credit) expense: (1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest cost

 

$

1,173

 

 

$

82

 

 

$

1,415

 

 

$

128

 

Expected return on plan assets

 

 

(3,876

)

 

 

-

 

 

 

(3,483

)

 

 

—

 

Amortization of prior-service costs

 

 

-

 

 

 

(62

)

 

 

—

 

 

 

(62

)

Amortization of net actuarial loss

 

 

1,831

 

 

 

6

 

 

 

2,509

 

 

 

31

 

Net periodic (credit) expense

 

$

(872

)

 

$

26

 

 

$

441

 

 

$

97

 

 

 

 

For the Six Months Ended June 30,

 

 

 

2020

 

 

2019

 

(in thousands)

 

Pension

Benefits

 

 

Post-

Retirement

Benefits

 

 

Pension

Benefits

 

 

Post-

Retirement

Benefits

 

Components of net periodic (credit) expense: (1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest cost

 

$

2,346

 

 

$

164

 

 

$

2,830

 

 

$

256

 

Expected return on plan assets

 

 

(7,752

)

 

 

—

 

 

 

(6,966

)

 

 

—

 

Amortization of prior-service costs

 

 

—

 

 

 

(124

)

 

 

—

 

 

 

(124

)

Amortization of net actuarial loss

 

 

3,662

 

 

 

12

 

 

 

5,018

 

 

 

62

 

Net periodic (credit) expense

 

$

(1,744

)

 

$

52

 

 

$

882

 

 

$

194

 

 

(1)

Amounts are included in G&A expense on the Consolidated Statements of Income and Comprehensive Income.

The Company expects to contribute $947,000 to its post-retirement plan to pay premiums and claims for the fiscal year ending December 31, 2020. The Company does not expect to make any contributions to its pension plan in 2020.