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Pension
9 Months Ended
Sep. 30, 2017
Pension [Abstract]  
Pension
Pension

The amount of net pension cost is shown in the table below:
 
For the Three Months Ended September 30
 
For the Nine Months Ended September 30
(In thousands)
2017
2016
 
2017
2016
Service cost - benefits earned during the period
$
193

$
135

 
$
450

$
406

Interest cost on projected benefit obligation
923

986

 
2,869

2,958

Expected return on plan assets
(1,463
)
(1,437
)
 
(4,339
)
(4,313
)
Amortization of prior service cost
(67
)
(68
)
 
(203
)
(203
)
Amortization of unrecognized net loss
630

647

 
1,864

1,940

Net periodic pension cost
$
216

$
263

 
$
641

$
788



Substantially all benefits accrued under the Company’s defined benefit pension plan were frozen effective January 1, 2005, and the remaining benefits were frozen effective January 1, 2011. During the first nine months of 2017, the Company made a discretionary contribution of $5.5 million to its defined benefit pension plan in order to reduce pension guarantee costs. The Company also made minimal funding contributions to a supplemental executive retirement plan (the CERP), which carries no segregated assets. The Company has no plans to make any further contributions, other than those related to the CERP, during the remainder of 2017.