RETIREMENT AND POSTRETIREMENT PLANS (Tables)

3 Months Ended

Mar. 31, 2015

RETIREMENT AND POSTRETIREMENT PLANS [Abstract]

Schedule of Net Benefit Costs

The Holding Company or the Bank maintains the Retirement Plan of The Dime Savings Bank of Williamsburgh (the "Employee Retirement Plan"), the Retirement Plan for Board Members of Dime Community Bancshares, Inc. (the "Outside Director Retirement Plan"), the BMP, and the Postretirement Welfare Plan of The Dime Savings Bank of Williamsburgh (the "Postretirement Plan").  Net expenses associated with these plans were comprised of the following components:

	Three Months Ended March 31, 2015		Three Months Ended March 31, 2014
	BMP, Employee and Outside Director Retirement Plans	Postretirement Plan	BMP, Employee and Outside Director Retirement Plans	Postretirement Plan
Service cost	$-	$9	$-	$10
Interest cost	344	510	338	58
Expected return on assets	(414)	-	(444)	-
Curtailment gain(1)	-	(3,394)	-	-
Amortization of unrealized loss	480	(13)	$261	$-
Net periodic cost (gain)	$410	$(2,888)	$155	$68

(1) The Postretirement Plan was amended effective March 31, 2015, whereby future retirees will not be eligible to participate in the plan. This plan amendment resulted in a curtailment gain.