Pension and Other Postretirement Benefits

9 Months Ended

Sep. 30, 2013

Benefit Plans [Abstract]

Pension And Other Postretirement Benefits

NOTE 11. Pension and Other Postretirement Benefits
Components of Net Periodic Benefit Cost
		Three Months Ended September 30,
										Other Postretirement
		Pension Benefits				SERP				Benefits
		2013		2012		2013		2012		2013		2012
Service cost		$	1,055	$	1,149	$	69	$	530	$	337	$	272
Interest cost			1,835		1,756		100		109		217		201
Expected return on plan assets			(2,267)		(2,179)		0		0		0		0
Amortization of prior service cost			6		7		54		100		29		29
Amortization of transition obligation			0		0		0		0		2		28
Amortization of net actuarial (gain) or loss			884		538		52		(6)		42		16
	Net periodic postretirement benefit cost	$	1,513	$	1,271	$	275	$	733	$	627	$	546
			Nine Months Ended September 30,
										Other Postretirement
		Pension Benefits				SERP				Benefits
		2013		2012		2013		2012		2013		2012
Service cost		$	3,721	$	3,551	$	695	$	598	$	1,012	$	816
Interest cost			5,423		5,308		304		258		651		603
Expected return on plan assets			(7,091)		(6,877)		0		0		0		0
Amortization of prior service cost			19		20		163		155		86		85
Amortization of transition obligation			0		0		0		0		6		85
Amortization of net actuarial (gain) or loss			2,398		2,146		165		103		126		47
	Net periodic postretirement benefit cost	$	4,470	$	4,148	$	1,327	$	1,114	$	1,881	$	1,636

Employer Contributions

Susquehanna previously disclosed in its financial statements for the year ended December 31, 2012, that it expected to contribute $365 to its pension plans and $621 to its other postretirement benefit plan in 2013. As of September 30, 2013, $274 of contributions had been made to its pension plans, and $466 of contributions had been made to its other postretirement benefit plan. Susquehanna anticipates contributing an additional $91 to fund its pension plans in 2013, for a total of $365, and an additional $155 to it other postretirement benefit plan, for a total of $621.

Plan Change

Susquehanna changed the pension plan during September 2013, with an effective date of December 31, 2013. Susquehanna will cease providing future pay-based increases to accounts for eligible employees. Eligible employees will continue to receive interest each year at a guaranteed minimum of 5.0%. Employees in this group will also receive an automatic contribution to the Susquehanna 401(k) plan equal to 2.0% of their eligible compensation.