PENSION PLAN

6 Months Ended

Jun. 30, 2013

PENSION PLAN

PENSION PLAN

(12) PENSION PLAN

The Partnership sponsors a defined benefit pension plan covering employees that are members of a union bargaining unit.  The Partnership’s funding policy is to contribute an amount to the plan sufficient to meet the minimum funding requirements set forth in the Employee Retirement Income Security Act of 1974.

Components of net periodic benefit cost are as follows:

	Pension Benefits
	Three Months Ended						Six Months Ended
	June 30,						June 30,
	(in thousands)						(in thousands)
	2013			2012			2013			2012
Service Cost	$	23		$	19		$	45		$	37
Interest Cost	13			12			26			24
Expected Return on Assets	(14		)	(12		)	(28		)	(24		)
Amortization of Unrecognized Prior Service Costs	1			1			3			3
Amortization of Unrecognized Loss	6			5			11			9
Net Periodic Pension Cost	$	29		$	25		$	57		$	49