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Post Retirement Benefits (Tables) | 12 Months Ended
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Dec. 31, 2021
Retirement Benefits [Abstract] |
Schedule of Multiemployer Plan |
Pension Fund |  | EIN/Pension Plan Number |  | Pension Protection Act Zone Status |  | FIP/RP Status Pending/ Implemented |  | Contributions of the Company |  | Surcharge Imposed |  | Expiration Date of Collective Bargaining Agreement
2021 |  | 2020 | 2021 |  | 2020
IAM National Pension Fund / National Pension Plan (A) |  | 51-6031295 - 002 |  | Red Zone as of 12/31/20 |  | Red Zone as of 12/31/19 |  | Implemented |  | $ | 716,000 |  |  | $ | 676,000 |  |  | Yes |  | 8/7/2025
|  |  |  |  |  | Total Contributions: |  | $ | 716,000 |  |  | $ | 676,000 |  |  |  |  |
(A)The plan re-certified its zone status after using the amortization provisions of the Code. The Company's contributions to the plan did not represent more than 5% of total contributions to the plan as indicated in the plan's most recently available annual report for the plan year ended December 31, 2020. Under the terms of the collective-bargaining agreement, the Company is required to make contributions to the plan for each hour worked up to a maximum of 40 hours per person, per week at $1.55 per hour from August 10, 2019 through August 9, 2025. The Company is paying a surcharge of $3.60.
Schedule of Benefit Obligation | The funded status of the Company's post retirement health and life insurance benefits plan as of December 31, 2021 and 2020 and reconciliation with the amounts recognized in the Consolidated Balance Sheets are provided below (in thousands):
| Post Retirement Benefits
2021 |  | 2020
Change in benefit obligation: |  |  |
Benefit obligation at January 1 | $ | 9,109 |  |  | $ | 9,160 |
Interest cost | 161 |  |  | 237 |
Unrecognized loss (gain) | 79 |  |  | (102) |
Benefits paid, net | (269) |  |  | (186) |
Benefit obligation at December 31 | $ | 9,080 |  |  | $ | 9,109 |
Plan Assets | — |  |  | — |
Amounts recorded in accumulated other comprehensive income: |  |  |
Prior service credit | $ | (4,618) |  |  | $ | (5,114) |
Net loss | 3,257 |  |  | 3,351 |
Total | $ | (1,361) |  |  | $ | (1,763) |
Weighted-average assumptions as of December 31: |  |  |
Discount rate used to determine benefit obligation and net periodic benefit cost | 2.5 | % |  | 2.0 | %
Schedule of Post Retirement Benefit Plans | The components of expense for all of the Company's post retirement benefit plans for the years ended December 31 (in thousands):
| 2021 |  | 2020 |  | 2019
Pension expense: |  |  |  |  |
Multi-employer plan | $ | 857 |  |  | $ | 676 |  |  | $ | 971 |
Defined contribution plans | 1,231 |  |  | 1,173 |  |  | 1,258 |
Total pension expense | 2,088 |  |  | 1,849 |  |  | 2,229 |
Health and life insurance: |  |  |  |  |
Interest cost | 161 |  |  | 235 |  |  | 285 |
Amortization of prior service credits | (496) |  |  | (496) |  |  | (496) |
Amortization of net loss | 173 |  |  | 181 |  |  | 117 |
Net periodic benefit credit | (162) |  |  | (80) |  |  | (94) |
Total post retirement benefits expense | $ | 1,926 |  |  | $ | 1,769 |  |  | $ | 2,135 |
Schedule of Future Benefit Payments | The estimated future benefit payments of the health care plan for the next ten years are as follows (in thousands):
| Postretirement Health Care Benefits Plan
2022 | $ | 1,391 |
2023 | 511 |
2024 | 489 |
2025 | 493 |
2026 | 510 |
2027 and thereafter | 5,686 |

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