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
6 Months Ended
Mar. 31, 2015
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 March 31,
 
   
Pension
   
Other Postretirement
 
   
2015
   
2014
   
2015
   
2014
 
                 
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
)
   
(21
)
   Net actuarial loss (gain)
   
1,564
     
991
     
-
     
(49
)
                                 
Net benefit cost
 
$
2,849
   
$
2,338
   
$
286
   
$
269
 

   
Six months ended March 31,
 
   
Pension
   
Other Postretirement
 
   
2015
   
2014
   
2015
   
2014
 
                 
Service cost
 
$
3,310
   
$
3,164
   
$
228
   
$
218
 
Interest cost
   
4,290
     
4,426
     
442
     
460
 
Expected return on plan assets
   
(4,940
)
   
(4,792
)
   
-
     
-
 
Amortization:
                               
Prior service cost
   
(90
)
   
(104
)
   
(98
)
   
(43
)
Net actuarial loss
   
3,128
     
1,982
     
-
     
(98
)
                                 
Net benefit cost
 
$
5,698
   
$
4,676
   
$
572
   
$
537
 

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 six months ended March 31, 2015:
       
   Supplemental retirement plan
 
$
362
   
$
-
 
   Other postretirement plan
   
-
     
775
 
                 
Additional contributions expected in fiscal 2015:
               
   Supplemental retirement plan
   
371
     
-
 
   Other postretirement plan
   
-
     
232