Quarterly report pursuant to Section 13 or 15(d)

Pension and Other Postretirement Benefit Plans

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Pension and Other Postretirement Benefit Plans
 9 Months Ended
Jun. 30, 2014
Pension and Other Postretirement Benefit Plans [Abstract]  
Pension and Other Postretirement Benefit Plans
Note 8.   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 June 30,
  
   
Pension
    
Other Postretirement
  
   
2014
    
2013
    
2014
    
2013
  
                         
Service cost
   $ 1,582     $ 1,685     $ 109     $ 199  
Interest cost
     2,213       1,913       230       282  
Expected return on plan assets
     (2,396 )     (2,243 )     -       -  
Amortization:
                                
   Prior service cost
     (52 )     (52 )     (23 )     (68 )
   Net actuarial loss
     991       1,806       (49 )     110  
                                 
Net benefit cost
   $ 2,338     $ 3,109     $ 267     $ 523  

   
Nine months ended June 30,
  
   
Pension
    
Other Postretirement
  
   
2014
    
2013
    
2014
    
2013
  
                         
Service cost
   $ 4,746     $ 5,055     $ 327     $ 597  
Interest cost
     6,639       5,739       690       846  
Expected return on plan assets
     (7,188 )     (6,729 )     -       -  
Amortization:
                                
   Prior service cost
     (156 )     (156 )     (66 )     (204 )
   Net actuarial loss
     2,973       5,418       (147 )     330  
                                 
 Net benefit cost
   $ 7,014     $ 9,327     $ 804     $ 1,569  

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 not required to make any significant contributions to its principal retirement plan in fiscal year 2014.

Contributions made and anticipated for fiscal year 2014 are as follows:

Contributions
  
Pension
    
Other Postretirement
  
             
Contributions during the nine months ended June 30, 2014:
            
   Supplemental retirement plan
   $ 543     $ -  
   Other postretirement plan
     -       709  
                 
Additional contributions expected in fiscal 2014:
                
   Supplemental retirement plan
     180       -  
   Other postretirement plan
     -       217