Quarterly report pursuant to Section 13 or 15(d)

Pension and Other Postretirement Benefit Plans

v2.4.1.9
Pension and Other Postretirement Benefit Plans
 3 Months Ended
Dec. 31, 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 December 31,
  
   
Pension
    
Other Postretirement
  
   
2014
    
2013
    
2014
    
2013
  
                 
Service cost
  
$
1,655
    
$
1,582
    
$
114
    
$
109
  
Interest cost
    
2,145
      
2,213
      
221
      
230
  
Expected return on plan assets
    
(2,470
)
    
(2,396
)
    
-
      
-
  
Amortization:
                                
   Prior service cost
    
(45
)
    
(52
)
    
(49
)
    
(22
)
   Net actuarial loss (gain)
    
1,564
      
991
      
-
      
(49
)
                                 
Net benefit cost
  
$
2,849
    
$
2,338
    
$
286
    
$
268
  

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 2015.

Contributions made and anticipated for fiscal year 2015 are as follows:

Contributions
  
Pension
    
Other Postretirement
  
         
Contributions during the three months ended December 31, 2014:
        
   Supplemental retirement plan
  
$
181
    
$
-
  
   Other postretirement plan
    
-
      
231
  
                 
Additional contributions expected in fiscal 2015:
                
   Supplemental retirement plan
    
552
      
-
  
   Other postretirement plan
    
-
      
695