Pension

3 Months Ended

Mar. 31, 2024

Pension [Abstract]

Pension

Pension

The amount of net pension cost is shown in the table below:

	For the Three Months Ended March 31
(In thousands)	2024		2023
Service cost	$	97	$	116
Interest cost on projected benefit obligation	1,112		1,158
Expected return on plan assets	(1,019)		(1,001)
Amortization of prior service cost	(45)		(67)
Amortization of unrecognized net loss	280		427
Net periodic pension cost	$	425	$	633

All benefits accrued under the Company’s defined benefit pension plan have been frozen since January 1, 2011. During the first three months of 2024, the Company made no funding contributions to its defined benefit pension plan and made minimal funding contributions to a supplemental executive retirement plan (the CERP), which carries no segregated assets.