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Benefit Plans
6 Months Ended
Jun. 30, 2016
Compensation and Retirement Disclosure [Abstract]  
Benefit Plans
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)
2016
 
2015
 
2016
 
2015
Service cost
$
198

 
$
207

 
$
396

 
$
415

Interest cost
3,649

 
3,517

 
7,298

 
7,035

Expected return on assets
(3,788
)
 
(3,902
)
 
(7,576
)
 
(7,804
)
Amortization of unrecognized prior service costs
75

 
570

 
150

 
1,140

Amortization of actuarial losses/(gains)
830

 
1,057

 
1,660

 
2,113

Net periodic pension cost
$
964

 
$
1,449

 
$
1,928

 
$
2,899

 
 
 
 
 
 
 
 

 
Postretirement Benefits
 
Three Months Ended June 30,
 
Six Months Ended June 30,
(In thousands)
2016
 
2015
 
2016
 
2015
Service cost
$
26

 
$
41

 
$
52

 
$
83

Interest cost
64

 
144

 
127

 
288

Amortization of unrecognized prior service costs
(636
)
 
(160
)
 
(1,271
)
 
(319
)
Amortization of actuarial losses/(gains)
245

 
81

 
490

 
163

Net periodic postretirement cost
$
(301
)
 
$
106

 
$
(602
)
 
$
215

 
 
 
 
 
 
 
 

For further information on the Corporation's employee benefit plans, refer to Note 13 (Benefit Plans) to the consolidated financial statements in the 2015 Form 10-K.