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Post-retirement Plan
 9 Months Ended
Sep. 30, 2014
Pension and Other Postretirement Benefit Expense [Abstract]  
Post-retirement Plans
Post-retirement Plans

We have a post-retirement healthcare and other benefits plan that is available to certain of our employees who satisfy certain age and service requirements. The net periodic benefit credit of this plan consisted of the following components:
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2014
 
2013
 
2014
 
2013
 
 
(In thousands)
Service cost – benefit earned during the period
 
$
224

 
$
278

 
$
672

 
$
834

Interest cost on projected benefit obligations
 
159

 
159

 
478

 
477

Amortization of prior service credit
 
(1,074
)
 
(1,474
)
 
(3,222
)
 
(4,422
)
Amortization of net loss
 
—

 
31

 
—

 
93

Loss on settlement
 
—

 
—

 
—

 
1,726

Net periodic post-retirement credit
 
$
(691
)
 
$
(1,006
)
 
$
(2,072
)
 
$
(1,292
)

In 2012, our Compensation Committee, pursuant to authority delegated to it by the Board of Directors, approved the termination of the HollyFrontier Corporation Pension Plan (the “Plan”), a non-contributory defined benefit retirement plan that covered certain employees and was fully frozen effective May 1, 2012. In the second quarter of 2013, the Plan was liquidated and we recognized a pre-tax pension settlement charge of $30.9 million, of which $29.0 million was reclassified out of accumulated other comprehensive income, representing the irrevocable portion of our obligation.

Additionally, we have a program that provides certain transition benefit payments to certain employees that participated in the defined benefit plan that was terminated. The program extends through 2014 and provides payments after year-end provided the employee is employed by us on the last day of each year. The payments are based on each employee's years of service and eligible salary. Transition benefit costs under this program were $2.6 million and $2.7 million for the three months ended September 30, 2014 and 2013, respectively, and $8.1 million and $8.5 million for the nine months ended September 30, 2014 and 2013, respectively.