Quarterly report pursuant to Section 13 or 15(d)

Pension and Other Postretirement Benefit Plans

v3.19.1
Pension and Other Postretirement Benefit Plans
6 Months Ended
Mar. 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 March 31,
 
Pension
 
Other Postretirement
 
2019
 
2018
 
2019
 
2018
 
 
 
 
 
 
 
 
Service cost
$
2,000

 
$
2,039

 
$
61

 
$
84

Interest cost *
2,301

 
2,049

 
180

 
158

Expected return on plan assets *
(2,596
)
 
(2,534
)
 

 

Amortization:
 

 
 

 
 

 
 

Prior service cost
(46
)
 
(35
)
 
(49
)
 
(49
)
Net actuarial loss (gain) *
1,100

 
1,752

 
(15
)
 

Net benefit cost
$
2,759

 
$
3,271

 
$
177

 
$
193

 
Six months ended March 31,
 
Pension
 
Other Postretirement
 
2019
 
2018
 
2019
 
2018
 
 
 
 
 
 
 
 
Service cost
$
4,000

 
$
4,078

 
$
122

 
$
168

Interest cost *
4,602

 
4,098

 
360

 
316

Expected return on plan assets *
(5,192
)
 
(5,068
)
 

 

Amortization:
 

 
 

 
 

 
 

Prior service cost
(92
)
 
(70
)
 
(98
)
 
(98
)
Net actuarial loss (gain) *
2,161

 
3,504

 
(30
)
 

Net benefit cost
$
5,479

 
$
6,542

 
$
354

 
$
386


* 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 not required to make any significant contributions to its principal retirement plan in fiscal year 2019.

Contributions made and anticipated for fiscal year 2019 are as follows:
Contributions
 
Pension
 
Other Postretirement
Contributions during the six months ended March 31, 2019:
 
 
 
 
Supplemental retirement plan
 
$
391

 
$

Other postretirement plan
 

 
757

 
 
 
 
 
Additional contributions expected in fiscal 2019:
 
 

 
 

Supplemental retirement plan
 
$
466

 
$

Other postretirement plan
 

 
318