Quarterly report pursuant to Section 13 or 15(d)

Pension and Other Postretirement Benefit Plans

v3.19.3.a.u2
Pension and Other Postretirement Benefit Plans
 3 Months Ended
Dec. 31, 2019
Retirement Benefits [Abstract]  
Pension and Other Postretirement Benefit Plans Pension and Other Postretirement Benefit Plans
 
The Company provides defined benefit pension and other postretirement plans to certain employees. Net periodic pension and other postretirement benefit cost for the plans included the following:
 
 
 
 
 
 
 
 
 
Three months ended December 31,
 
Pension
 
Other Postretirement
 
2019
 
2018
 
2019
 
2018
 
 
 
 
 
 
 
 
Service cost
$
2,170

 
$
2,000

 
$
64

 
$
61

Interest cost *
1,933

 
2,301

 
140

 
180

Expected return on plan assets *
(2,232
)
 
(2,596
)
 
—

 
—

Amortization:
 

 
 

 
 

 
 

Prior service cost
(47
)
 
(46
)
 
(23
)
 
(49
)
Net actuarial loss (gain) *
2,387

 
1,061

 
—

 
(15
)
Net benefit cost
$
4,211

 
$
2,720

 
$
181

 
$
177


* Non-service components of pension and postretirement expense are included in other income (deductions), net.
Benefit payments under the Company's principal retirement plan are made from plan assets, while benefit payments under the postretirement benefit plan are made from the Company's operating funds.  Under IRS regulations, the Company is required to make contributions of approximately $4,333 to its principal retirement plan in fiscal 2020.

Contributions made and anticipated for fiscal year 2020 are as follows:
Contributions
 
Pension
 
Other Postretirement
Contributions during the three months ended December 31, 2019:
 
 
 
 
Supplemental retirement plan
 
$
176

 
$
—

Other postretirement plan
 
—

 
206

 
 
 
 
 
Additional contributions expected in fiscal 2020:
 
 

 
 

Principal retirement plan
 
$
4,333

 
$
—

Supplemental retirement plan
 
706

 
—

Other postretirement plan
 
—

 
783