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Pension Plans and Other Postretirement Benefits
 6 Months Ended
Mar. 29, 2025
Retirement Benefits [Abstract]  
Pension Plans and Other Postretirement Benefits
15.
Pension Plans and Other Postretirement Benefits

The following table provides the components of net periodic benefit costs:

 

 

Pension Benefits

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

March 29,

 

 

March 30,

 

 

March 29,

 

 

March 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Interest cost

 

$

647

 

 

$

804

 

 

$

1,293

 

 

$

1,609

 

Expected return on plan assets

 

 

(330

)

 

 

(314

)

 

 

(659

)

 

 

(629

)

Amortization of net loss

 

 

61

 

 

 

426

 

 

 

123

 

 

 

851

 

Net periodic benefit cost

 

$

378

 

 

$

916

 

 

$

757

 

 

$

1,831

 

 

 

 

Postretirement Benefits

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

March 29,

 

 

March 30,

 

 

March 29,

 

 

March 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Interest cost

 

$

25

 

 

$

36

 

 

$

50

 

 

$

72

 

Amortization of prior service credits

 

 

(7

)

 

 

(65

)

 

 

(13

)

 

 

(130

)

Amortization of net (gain)

 

 

(171

)

 

 

(192

)

 

 

(343

)

 

 

(383

)

Net periodic benefit cost

 

$

(153

)

 

$

(221

)

 

$

(306

)

 

$

(441

)

 

The Partnership expects to contribute approximately $4,000 to the defined benefit pension plan during fiscal 2025, of which $2,000 was contributed during the six months ended March 29, 2025. The projected annual contribution requirements related to the Partnership’s postretirement health care and life insurance benefit plan for fiscal 2025 is $342, of which $146 was contributed during the six months ended March 29, 2025. The components of net periodic benefit cost are included in the line item “Other, net” in the condensed consolidated statements of operations.

The Partnership contributes to multi-employer pension plans (“MEPPs”) in accordance with various collective bargaining agreements covering union employees. As one of the many participating employers in these MEPPs, the Partnership is responsible with the other participating employers for any plan underfunding. As of March 29, 2025 and September 28, 2024, the Partnership’s estimated obligation to these MEPPs was $19,296 and $20,026, respectively, as a result of its voluntary full withdrawal from certain MEPPs.