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Pension and Other Post-retirement Benefit Plans
3 Months Ended
Mar. 31, 2013
Pension and Other Post-retirement Benefit Plans  
Pension and Other Post-retirement Benefit Plans

Note 9.                                 Pension and Other Post-retirement Benefit Plans

 

Inclusive of discontinued operations, the components of net periodic benefit costs recognized in the Condensed Consolidated Statements of Comprehensive Income (Loss) for the three months ended March 31, 2013 and 2012, are as follows:

 

 

 

 

 

 

 

Other

 

 

 

 

 

 

 

Post-retirement

 

 

 

Pension Benefits

 

Benefits

 

 

 

2013

 

2012

 

2013

 

2012

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

655

 

$

645

 

$

558

 

$

508

 

Interest cost

 

2,355

 

2,755

 

821

 

1,039

 

Expected return on plan assets

 

(3,216

)

(3,664

)

 

 

Amortization of:

 

 

 

 

 

 

 

 

 

Prior service cost (benefit)

 

273

 

274

 

(763

)

(770

)

Actuarial loss

 

1,511

 

1,277

 

592

 

788

 

Curtailment

 

 

 

 

(634

)

 

 

 

 

 

 

 

 

 

 

Net periodic benefit cost

 

$

1,578

 

$

1,287

 

$

1,208

 

$

931

 

 

We previously disclosed in our consolidated financial statements for the year ended December 31, 2012, that we anticipate making contributions of $0.8 million directly to our defined benefit pension and retirement plans as a result of minimum funding requirements and elective contributions in 2013.  As of March 31, 2013, we have made payments of approximately $0.2 million to our pension plans.  In addition, as previously reported, we expected to contribute $4.7 million, net of subsidy reimbursements, directly to other post-retirement plans in 2013.  As of March 31, 2013, we have contributed approximately $1.1 million to our other post-retirement plans.  We now expect to contribute approximately $4.4 million to our other post-retirement plans in 2013.