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Post Retirement Benefits | 6 Months Ended
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Jun. 30, 2022
Retirement Benefits [Abstract] |
Post Retirement Benefits | POST-RETIREMENT BENEFITS The components of expense for the Company’s post-retirement benefit plans are as follows (in thousands):
| Three months ended June 30, |  | Six months ended June 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Pension expense: |  |  |  |  |  |  |
Multi-employer plan | $ | 254 |  |  | $ | 232 |  |  | $ | 461 |  |  | $ | 421 |
Defined contribution plan | 386 |  |  | 316 |  |  | 751 |  |  | 618 |
Total pension expense | 640 |  |  | 548 |  |  | 1,212 |  |  | 1,039 |
Health and life insurance: |  |  |  |  |  |  |
Interest cost | 49 |  |  | 40 |  |  | 99 |  |  | 81 |
Amortization of prior service credits | (125) |  |  | (124) |  |  | (248) |  |  | (248) |
Amortization of net loss | 45 |  |  | 44 |  |  | 87 |  |  | 87 |
Net periodic benefit credit | (31) |  |  | (40) |  |  | (62) |  |  | (80) |
Total post-retirement benefits expense | $ | 609 |  |  | $ | 508 |  |  | $ | 1,150 |  |  | $ | 959 |
The Company made payments of $1,525,000 to pension plans and $66,000 for post-retirement healthcare and life insurance during the six months ended June 30, 2022. For the remainder of 2022, the Company expects to make approximately $1,506,000 of pension plan payments, of which $630,000 was accrued at June 30, 2022. The Company also expects to make approximately $1,325,000 of post-retirement healthcare and life insurance payments for the remainder of 2022, all of which were accrued at June 30, 2022.

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