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EMPLOYEE RETIREMENT PLANS
 6 Months Ended
Jun. 30, 2015
Compensation and Retirement Disclosure [Abstract]  
EMPLOYEE RETIREMENT PLANS
EMPLOYEE RETIREMENT PLANS
The components of net periodic benefit cost (income) for Employers Mutual’s pension and postretirement benefit plans is as follows:
 
 
Three months ended 
 June 30,
 
Six months ended 
 June 30,
($ in thousands)
 
2015
 
2014
 
2015
 
2014
Pension plans:
 
 
 
 
 
 
 
 
Service cost
 
$
3,330

 
$
3,240

 
$
6,974

 
$
6,431

Interest cost
 
2,364

 
2,451

 
4,642

 
4,832

Expected return on plan assets
 
(5,074
)
 
(5,183
)
 
(10,149
)
 
(10,366
)
Amortization of net actuarial loss
 
797

 
119

 
1,314

 
183

Amortization of prior service cost
 
7

 
8

 
15

 
16

Net periodic pension benefit cost
 
$
1,424

 
$
635

 
$
2,796

 
$
1,096

 
 
 
 
 
 
 
 
 
Postretirement benefit plans:
 
 
 
 
 
 
 
 
Service cost
 
$
353

 
$
315

 
$
706

 
$
630

Interest cost
 
537

 
563

 
1,074

 
1,127

Expected return on plan assets
 
(1,104
)
 
(1,099
)
 
(2,208
)
 
(2,198
)
Amortization of net actuarial loss
 
436

 
412

 
872

 
825

Amortization of prior service credit
 
(2,867
)
 
(2,866
)
 
(5,733
)
 
(5,733
)
Net periodic postretirement benefit income
 
$
(2,645
)
 
$
(2,675
)
 
$
(5,289
)
 
$
(5,349
)


Net periodic pension benefit cost allocated to the Company amounted to $436,000 and $196,000 for the three months and $857,000 and $340,000 for the six months ended June 30, 2015 and 2014, respectively.  Net periodic postretirement benefit income allocated to the Company amounted to $762,000 and $771,000 for the three months and $1.5 million and $1.5 million for the six months ended June 30, 2015 and 2014, respectively.
The Company’s share of Employers Mutual’s 2015 planned contribution to the pension plan, if made, will be approximately $2.1 million. No contributions will be made to the Voluntary Employee Beneficiary Association (VEBA) trust in 2015.