RETIREMENT AND POSTRETIREMENT PLANS (Tables)

6 Months Ended

Jun. 30, 2015

RETIREMENT AND POSTRETIREMENT PLANS [Abstract]

Schedule of Net Benefit Costs

12.   RETIREMENT AND POSTRETIREMENT PLANS

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 June 30, 2015						Three Months Ended June 30, 2014
	BMP, Employee and Outside Director Retirement Plans			Postretirement Plan			BMP, Employee and Outside Director Retirement Plans			Postretirement Plan
Service cost	$	-		$	-		$	-		$	10
Interest cost		343			29			338			58
Expected return on assets		(414	)		-			(444	)		-
Amortization of unrealized loss		480			(13	)		261			-
Net periodic cost	$	409		$	16		$	155		$	68

	Six Months Ended June 30, 2015						Six Months Ended June 30, 2014
	BMP, Employee and Outside Director Retirement Plans			Postretirement Plan			BMP, Employee and Outside Director Retirement Plans			Postretirement Plan
Service cost	$	-		$	9		$	-		$	20
Interest cost		687			538			676			116
Expected return on assets		(828	)		-			(888	)		-
Curtailment gain(1)		-			(3,394	)		-			-
Amortization of unrealized loss		959			(25	)		522			-
Net periodic cost (gain)	$	818		$	(2,872	)	$	310		$	136

(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.