EMPLOYEE BENEFIT PLANS

9 Months Ended

Sep. 30, 2016

Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS

In August 2016 the Company amended the PBF Energy Pension Plan and the Post Retirement Medical Plan to, among other things, incorporate into the plan all employees who became employed at the Company's California locations on July 1, 2016, in connection with the Torrance Acquisition. The amendments to the plan were effective as of July 1, 2016. The components of net periodic benefit cost related to the Company’s defined benefit plans consisted of the following:

	Three Months Ended   September 30,						Nine Months Ended   September 30,
Pension Benefits	2016			2015			2016			2015
Components of net periodic benefit cost:
Service cost	$	10,064		$	5,790		$	24,743		$	17,369
Interest cost	772			710			2,323			2,126
Expected return on plan assets	(1,234		)	(830		)	(3,447		)	(2,489		)
Amortization of prior service costs	13			13			39			39
Amortization of loss	328			311			716			933
Net periodic benefit cost	$	9,943		$	5,994		$	24,374		$	17,978

	Three Months Ended   September 30,				Nine Months Ended   September 30,
Post Retirement Medical Plan	2016		2015		2016		2015
Components of net periodic benefit cost:
Service cost	$	304	$	243	$	743	$	731
Interest cost	131		134		398		403
Amortization of prior service costs	161		76		379		228
Amortization of loss	—		—		—		—
Net periodic benefit cost	$	596	$	453	$	1,520	$	1,362