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RETIREMENT BENEFIT OBLIGATIONS (Tables)

3 Months Ended

Mar. 31, 2021

Key Weighted Average Assumptions Used in Determining Benefit Plan Costs and Obligations

The following table includes the key weighted average assumptions used in determining the Company’s benefit plan costs and obligations:

Used to Determine Plan Costs		2021				2020
Discount Rate			2.50	%			3.25	%
Rate of Compensation Increase			3.00	%			3.00	%
Expected Long-term rate of return on plan assets			7.50	%			7.40	%
Health Care Cost Trend Rate Assumed for Next Year			6.60	%			7.00	%
Ultimate Health Care Cost Trend Rate			4.50	%			4.50	%
Year that Ultimate Health Care Cost Trend Rate is reached			2029				2029

Components of Retirement Plan Costs

The following table provides the components of the Company’s Retirement plan costs ($000’s):

		Pension Plan								PBOP Plan								SERP
Three Months Ended March 31,		2021				2020				2021				2020				2021				2020
Service Cost		$	868			$	831			$	758			$	675			$	89			$	71
Interest Cost			1,251				1,444				685				780				114				137
Expected Return on Plan Assets			(2,423	)			(2,255	)			(627	)			(516	)			—				—
Prior Service Cost Amortization			75				80				302				303				14				14
Actuarial Loss Amortization			2,022				1,618				262				186				372				259
Sub-total			1,793				1,718				1,380				1,428				589				481
Amounts Capitalized and Deferred			(713	)			(630	)			(662	)			(532	)			(178	)			(138	)
Net Periodic Benefit Cost Recognized		$	1,080			$	1,088			$	718			$	896			$	411			$	343

X

- Definition

Tabular disclosure of assumption used to determine benefit obligation and net periodic benefit cost of defined benefit plan. Includes, but is not limited to, discount rate, rate of compensation increase, expected long-term rate of return on plan assets and interest crediting rate.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (k)
-URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920

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X

- Definition

Tabular disclosure of the costs related to the various types of retirement plans including defined benefit pension plan cost, defined contribution plan cost, other postretirement benefit plan cost, and net periodic benefit cost.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920

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