Pension Plan

The Company participates in a trusteed pension plan known as the Allegheny Group Retirement Plan covering virtually all full-time employees. Benefits are based on years of service and the employee's compensation. Accruals under the Plan were frozen as of May 31, 2014. Freezing the plan resulted in a re-measurement of the pension obligations and plan assets as of the freeze date. The pension obligation was re-measured using the discount rate based on the Citigroup Above Median Pension Discount Curve in effect on May 31, 2014 of 4.46%.

Information pertaining to the activity in the Company's defined benefit plan, using the latest available actuarial valuations for the three and nine months ended September 30, 2016 and 2015 is as follows:



(Dollars in thousands)	For the three months ended September 30, 2016			For the three months ended September 30, 2015
Service cost	$	—		$	—
Interest cost	92			78
Expected Return on Plan Assets	(83		)	(79		)
Amortization of Net Actuarial Loss	59			64
Amortization of Prior Service Cost	—			—
Net Periodic Benefit Cost	$	68		$	63

Contributions Paid	$	62		$	230



(Dollars in thousands)	For the nine months ended September 30, 2016			For the nine months ended September 30, 2015
Service cost	$	—		$	—
Interest cost	276			235
Expected Return on Plan Assets	(248		)	(237		)
Amortization of Net Actuarial Loss	177			192
Amortization of Prior Service Cost	—			—
Net Periodic Benefit Cost	$	205		$	190

Contributions Paid	$	142		$	302