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Pension and Other Postretirement Benefit Plans
9 Months Ended
Sep. 30, 2014
Compensation and Retirement Disclosure [Abstract]  
Pension and Other Postretirement Benefit Plans
Pension and Other Postretirement Benefit Plans
The components of net periodic benefit cost for the Corporation’s qualified and nonqualified pension plans and nonqualified postretirement benefit plan are as follows:
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2014
 
2013
 
2014
 
2013
 
 
(In thousands)
Defined Benefit Pension Plans
 
 
 
 
 
 
 
 
Service cost
 
$
250

 
$
326

 
$
751

 
$
976

Interest cost
 
1,312

 
1,166

 
3,936

 
3,500

Expected return on plan assets
 
(2,078
)
 
(1,949
)
 
(6,235
)
 
(5,845
)
Amortization of prior service credit
 

 

 
(1
)
 
(1
)
Amortization of unrecognized net loss
 
569

 
946

 
1,707

 
2,838

Net periodic benefit cost
 
$
53

 
$
489

 
$
158

 
$
1,468

Postretirement Benefit Plan
 
 
 
 
 
 
 
 
Service cost
 
$
5

 
$
5

 
$
14

 
$
14

Interest cost
 
36

 
36

 
107

 
108

Amortization of prior service cost
 
32

 
27

 
97

 
233

Amortization of unrecognized net gain
 
(26
)
 
(18
)
 
(78
)
 
(55
)
Net periodic benefit cost
 
$
47

 
$
50

 
$
140

 
$
300


The Corporation’s pension plan does not have a contribution requirement in 2014. The Corporation made a $15.0 million contribution to the pension plan during the nine months ended September 30, 2013. The discount rate used to compute the Corporation's pension plan expense for 2014 is 5.00%.
401(k) Savings Plan expense for the Corporation’s match of participants’ base compensation contributions and a 4% of eligible pay contribution to certain employees who are not grandfathered under the pension plan was $1.0 million and $0.9 million for the three months ended September 30, 2014 and 2013, respectively, and $2.7 million for both the nine months ended September 30, 2014 and 2013.