v3.22.4
Pension Plans and Other Postretirement Benefits
 3 Months Ended
Dec. 24, 2022
Retirement Benefits [Abstract]  
Pension Plans and Other Postretirement Benefits
15.
Pension Plans and Other Postretirement Benefits

The following table provides the components of net periodic benefit costs:

 

 

 

Pension Benefits

 

 

 

Three Months Ended

 

 

 

December 24,

 

 

December 25,

 

 

 

2022

 

 

2021

 

Interest cost

 

$

827

 

 

$

559

 

Expected return on plan assets

 

 

(339

)

 

 

(354

)

Amortization of net loss

 

 

482

 

 

 

599

 

Net periodic benefit cost

 

$

970

 

 

$

804

 

 

 

 

Postretirement Benefits

 

 

 

Three Months Ended

 

 

 

December 24,

 

 

December 25,

 

 

 

2022

 

 

2021

 

Interest cost

 

$

41

 

 

$

20

 

Amortization of prior service credits

 

 

(124

)

 

 

(124

)

Amortization of net (gain)

 

 

(194

)

 

 

(181

)

Net periodic benefit cost

 

$

(277

)

 

$

(285

)

 

The Partnership expects to voluntarily contribute approximately $4,000 to the defined benefit pension plan during fiscal 2023, of which $1,000 was contributed during the three months ended December 24, 2022. The projected annual contribution requirements related to the Partnership’s postretirement health care and life insurance benefit plan for fiscal 2023 is $627, of which $125 was contributed during

the three months ended December 24, 2022. The components of net periodic benefit cost are included in the line item “Other, net” in the condensed consolidated statements of operations.

The Partnership contributes to multi-employer pension plans (“MEPPs”) in accordance with various collective bargaining agreements covering union employees. As one of the many participating employers in these MEPPs, the Partnership is responsible with the other participating employers for any plan underfunding. As of December 24, 2022 and September 24, 2022, the Partnership’s estimated obligation to these MEPPs was $22,224 and $22,496, respectively, as a result of its voluntary full withdrawal from certain MEPPs.