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Pension Plans

3 Months Ended

Jan. 02, 2015

5Pension Plans

The Company has non-contributory defined benefit pension plans covering certain of its U.S. employees. Retirement benefits are generally provided based on the employees’ years of service and average earnings. Normal retirement age is 65, with provisions for earlier retirement.

The components of net periodic benefit cost related to Company sponsored defined benefit plans for the three month periods ended January 2, 2015 and December 27, 2013 were as follows:



	Three Months Ended
	January 2		December 27
	2015		2013
Components of net periodic benefit cost:
Service cost	$	-	$	-
Interest on projected benefit obligation		269		249
Less estimated return on plan assets		274		244
Amortization of unrecognized losses		85		167
	$	80	$	172

- Definition

The entire disclosure for pension and other postretirement benefits.

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