RETIREMENT BENEFIT OBLIGATIONS (Tables)

9 Months Ended

Sep. 30, 2018

Key Weighted Average Assumptions Used in Determining Benefit Plan Costs and Obligations

The following table includes the key weighted average assumptions used in determining the Company’s benefit plan costs and obligations:

	2018			2017
Used to Determine Plan Costs
Discount Rate		3.60	%		4.10	%
Rate of Compensation Increase		3.00	%		3.00	%
Expected Long-term rate of return on plan assets		7.75	%		7.75	%
Health Care Cost Trend Rate Assumed for Next Year		7.50	%		8.00	%
Ultimate Health Care Cost Trend Rate		4.50	%		4.00	%
Year that Ultimate Health Care Cost Trend Rate is reached		2024			2025

Components of Retirement Plan Costs

The following tables provide the components of the Company’s Retirement plan costs ($000’s):

	Pension Plan						PBOP Plan						SERP
Three Months Ended September 30,	2018			2017			2018			2017			2018			2017
Service Cost	$	848		$	824		$	733		$	744		$	122		$	115
Interest Cost		1,469			1,514			852			978			101			98
Expected Return on Plan Assets		(1,946	)		(1,826	)		(409	)		(337	)		—			—
Prior Service Cost Amortization		81			66			327			350			47			47
Actuarial Loss Amortization		1,447			1,165			346			524			121			74
Sub-total		1,899			1,743			1,849			2,259			391			334
Amounts Capitalized and Deferred		(962	)		(932	)		(930	)		(1,226	)		(113	)		(99	)
Net Periodic Benefit Cost Recognized	$	937		$	811		$	919		$	1,033		$	278		$	235

	Pension Plan						PBOP Plan						SERP
Nine Months Ended September 30,	2018			2017			2018			2017			2018			2017
Service Cost	$	2,544		$	2,471		$	2,199		$	2,231		$	366		$	345
Interest Cost		4,407			4,543			2,554			2,935			303			294
Expected Return on Plan Assets		(5,838	)		(5,479	)		(1,227	)		(1,010	)		—			—
Prior Service Cost Amortization		243			197			981			1,049			141			141
Actuarial Loss Amortization		4,341			3,496			1,038			1,573			365			222
Sub-total		5,697			5,228			5,545			6,778			1,175			1,002
Amounts Capitalized and Deferred		(2,590	)		(2,402	)		(2,557	)		(3,418	)		(339	)		(297	)
Net Periodic Benefit Cost Recognized	$	3,107		$	2,826		$	2,988		$	3,360		$	836		$	705