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Benefit Plans
6 Months Ended
Jun. 30, 2014
Compensation and Retirement Disclosure [Abstract]  
Pension and Other Postretirement Benefits Disclosure
Benefit Plans
    
The Corporation sponsors several qualified and nonqualified pension and other postretirement plans for certain of its employees. The net periodic pension cost is based on estimated values provided by an outside actuary. The components of net periodic benefit cost are as follows:
 
Pension Benefits
 
Three Months Ended June 30,
 
Six Months Ended June 30,
(In thousands)
2014
 
2013
 
2014
 
2013
Service cost
$
182

 
$
585

 
$
364

 
$
1,170

Interest cost
3,584

 
2,632

 
7,168

 
5,264

Expected return on assets
(4,009
)
 
(2,960
)
 
(8,017
)
 
(5,920
)
Amortization of unrecognized prior service costs
698

 
117

 
1,331

 
234

Amortization of Actuarial Gain
804

 
1,174

 
1,513

 
2,348

Net periodic pension cost
$
1,259

 
$
1,548

 
$
2,359

 
$
3,096

 
 
 
 
 
 
 
 

 
Postretirement Benefits
 
Three Months Ended June 30,
 
Six Months Ended June 30,
(In thousands)
2014
 
2013
 
2014
 
2013
Service cost
$
16

 
$
25

 
$
33

 
$
50

Interest cost
164

 
130

 
327

 
260

Amortization of unrecognized prior service costs
(117
)
 
(117
)
 
(234
)
 
(234
)
Amortization of Actuarial Gain
59

 
67

 
118

 
134

Net periodic postretirement cost
$
122

 
$
105

 
$
244

 
$
210

 
 
 
 
 
 
 
 

For further information on the Corporation's employee benefit plans, refer to Note 13 (Benefit Plans) to the consolidated financial statements in the 2013 Form 10-K.