Pension and Other Postretirement Benefit Plans
|6 Months Ended|
Mar. 31, 2021
|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:
* 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. In April 2021, subsequent to the date of the balance sheet, the Company contributed $15,000 to its principal retirement plan. Under IRS regulations, no further contributions are required to be made to the Company's principal retirement plan during fiscal 2021.
Note 10. Pension and Other Postretirement Benefit Plans (continued)
Contributions made and anticipated for fiscal year 2021 are as follows:
* Contribution was made in April 2021 (see above).
The entire disclosure for retirement benefits.
Reference 1: http://www.xbrl.org/2003/role/exampleRef