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BENEFIT PLANS
 3 Months Ended
Nov. 02, 2019
Retirement Benefits [Abstract]  
BENEFIT PLANS
NOTE 12—BENEFIT PLANS

Net periodic benefit (income) cost and contributions to defined benefit pension and other post-retirement benefit plans consisted of the following:
 
First Quarter Ended
 
Pension Benefits
 
Other Postretirement Benefits
(in thousands)
November 2, 2019
 
October 27, 2018
 
November 2, 2019
 
October 27, 2018
Net Periodic Benefit (Income) Cost
 
 
 
 
 
 
 
Service cost
$
—

 
$
—

 
$
14

 
$
4

Interest cost
16,690

 
1,847

 
236

 
38

Expected return on plan assets
(27,482
)
 
(2,724
)
 
(54
)
 
(5
)
Amortization of net actuarial loss (gain)
3

 
—

 
(777
)
 
—

Net periodic benefit (income) cost
$
(10,789
)
 
$
(877
)
 
$
(581
)
 
$
37

 
 
 
 
 
 
 
 
Contributions to benefit plans
$
(4,100
)
 
$
(37
)
 
$
(100
)
 
$
(9
)


Pension Contributions

No minimum pension contributions are required to be made to the SUPERVALU Retirement Plan in fiscal 2020. Minimum pension contributions of $8.25 million are required to be made under the Unified Grocers, Inc. Cash Balance Plan under the Employee Retirement Income Security Act of 1974, as amended, (“ERISA”) in fiscal 2020. The Company expects to contribute approximately $0.0 million to $6.0 million to its other defined benefit pension plans and postretirement benefit plans in fiscal 2020.

Multiemployer Pension Plans

The Company contributed $13.5 million and $0.1 million in the first quarters of fiscal 2020 and 2019, respectively, to continuing and discontinued operations multiemployer pension plans.

Lump Sum Pension Settlement Offering

On August 1, 2019, the Company amended the SUPERVALU Retirement Plan to provide for a lump sum settlement window. On August 2, 2019, the Company sent plan participants lump sum settlement election offerings that committed the plan to pay certain deferred vested pension plan participants and retirees, who make such an election, a lump sum payment in exchange for their rights to receive ongoing payments from the plan. The lump sum payment amounts are equal to the present value of the participant’s pension benefits, and were made to certain former (i) retired associates and beneficiaries who are receiving their monthly pension benefit payment and (ii) terminated associates who are deferred vested in the plan, had not yet begun receiving monthly pension benefit payments and who are not eligible for any prior lump sum offerings under the plan. Benefit obligations associated with the lump sum offering have been incorporated into the funded status utilizing the actuarially determined lump sum payments based on estimated offer acceptances. The plan made aggregate lump sum settlement payments of $664.0 million to plan participants on November 4, 2019 and November 12, 2019. The Company expects that the lump sum settlement payments will result in an estimated non-cash pension settlement charge of approximately $10.0 million in the second quarter of fiscal 2020 from the acceleration of a portion of the accumulated unrecognized actuarial loss, which will be based on the fair value of SUPERVALU Retirement Plan assets and remeasured liabilities. The settlement and subsequent re-measurement is expected to result in a decrease to accumulated other comprehensive loss and an improvement to the SUPERVALU Retirement Plan’s unfunded status.