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Post Retirement Benefits
9 Months Ended
Sep. 30, 2023
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
September 30,
Nine months ended
September 30,
2023202220232022
Pension expense:
Multi-employer plan
$221 $221 $734 $682 
Defined contribution plan
471 371 1,440 1,122 
Total pension expense692 592 2,174 1,804 
Health and life insurance:
Interest cost
66 50 197 149 
Amortization of prior service credits(124)(124)(372)(372)
Amortization of net actuarial loss43 18 130 
Net periodic benefit credit(52)(31)(157)(93)
Total post-retirement benefits expense$640 $561 $2,017 $1,711 
The Company made payments of $2,204,000 to pension plans and $563,000 for post-retirement healthcare and life insurance during the nine months ended September 30, 2023. For the remainder of 2023, the Company expects to make approximately $779,000 of pension plan payments, of which $259,000 was accrued at September 30, 2023. The Company also expects to make approximately $871,000 of post-retirement healthcare and life insurance payments for the remainder of 2023, all of which were accrued at September 30, 2023.