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PENSION AND OTHER POST-RETIREMENT PLANS
9 Months Ended
Sep. 30, 2016
PENSION AND OTHER POST-RETIREMENT PLANS  
PENSION AND OTHER POST-RETIREMENT PLANS

5.          PENSION AND OTHER POST-RETIREMENT PLANS

 

The Company sponsors qualified defined benefit pension and other post-retirement plans (collectively, the “Plans”).  The following table provides the components of net periodic benefit cost (benefit) for the Plans for the nine months ended September 30, 2016 and 2015 (in millions):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pension Benefits

 

Other Post-retirement Benefits

 

 

 

September 30, 

 

September 30, 

 

Components of Net Periodic Benefit Cost:

    

2016

    

2015

    

2016

    

2015

 

Service cost

 

$

3.0

 

$

2.6

 

$

1.1

 

$

1.2

 

Interest cost

 

 

7.3

 

 

7.1

 

 

2.0

 

 

1.9

 

Expected return on plan assets

 

 

(10.0)

 

 

(10.4)

 

 

 —

 

 

 —

 

Amortization of net loss

 

 

4.1

 

 

4.8

 

 

0.9

 

 

1.8

 

Amortization of prior service cost

 

 

(1.7)

 

 

(1.7)

 

 

 —

 

 

 —

 

Net periodic benefit cost

 

$

2.7

 

$

2.4

 

$

4.0

 

$

4.9

 

 

During the nine months ended September 30, 2016, the Company contributed $7.5 million to its defined benefit pension plans.  No further contribution is expected to be paid in 2016.