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PENSION AND OTHER POST-RETIREMENT PLANS
 6 Months Ended
Jun. 30, 2017
PENSION AND OTHER POST-RETIREMENT PLANS  
PENSION AND OTHER POST-RETIREMENT PLANS

8.          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 six months ended June 30, 2017 and 2016:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pension Benefits

 

Other Post-retirement Benefits

 

 

 

June 30, 

 

June 30, 

 

(In millions)

    

2017

    

2016

    

2017

    

2016

 

Components of Net Periodic Benefit Cost (Benefit):

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

1.9

 

$

2.0

 

$

0.8

 

$

0.8

 

Interest cost

 

 

4.8

 

 

4.8

 

 

1.4

 

 

1.4

 

Expected return on plan assets

 

 

(6.8)

 

 

(6.7)

 

 

 —

 

 

 —

 

Amortization of net loss

 

 

2.5

 

 

2.6

 

 

0.6

 

 

0.6

 

Amortization of prior service cost

 

 

(1.1)

 

 

(1.1)

 

 

 —

 

 

 —

 

Net periodic benefit cost

 

$

1.3

 

$

1.6

 

$

2.8

 

$

2.8

 

 

During the six months ended June 30, 2017, the Company contributed $3.0 million to its defined benefit pension plans.  No further contributions are expected for 2017.