Pension Plans and Other Postretirement Benefits (Tables)

3 Months Ended

Mar. 31, 2014

Compensation and Retirement Disclosure [Abstract]

Defined benefit plan and the supplemental defined benefit plans

Defined Benefit Plan and Supplemental Defined Benefit Plans

The following table summarizes the components of net periodic pension cost recognized for the defined benefit plan and the supplemental defined benefit plans for the following periods:

					Supplemental
	Defined Benefit Plan				Defined Benefit Plans
	Three Months Ended				Three Months Ended
	March 31,				March 31,
	2014		2013		2014		2013
Components of net periodic pension (income) expense:
Service cost:
Benefit accrual	$	-	$	-	$	-	$	-
Other expenses		90		90		-		-
Interest cost		420		342		179		154
Expected return on plan assets		(601)		(560)		-		-
Settlement loss		189		258		-		-
Amortization of:
Prior service cost		-		-		-		31
Actuarial loss		343		401		39		51
Net periodic pension expense	$	441	$	531	$	218	$	236

Net periodic benefit for postretirement benefits other than pensions

The following table summarizes the components of the net periodic benefit for postretirement benefits other than pensions for the following periods:

	Three Months Ended
	March 31,
	2014		2013
Components of net periodic benefit:
Service cost	$	-	$	-
Interest cost		12		23
Amortization of prior service credit		(157)		-
Amortization of prior gain		(62)		(59)
Net periodic income	$	(207)	$	(36)

Summary of minimum funding requirement, contributions made and the expected full year contributions for the Company's plans

In 2014, there is no minimum funding requirement for the Company’s defined benefit plan. The following table discloses the minimum funding requirements, contributions made and expected full year contributions for the Company’s plans.

	Defined Benefit Pension Plans
	Defined		Supplemental		Other
	Benefit		Defined Benefit		Postretirement
	Plan		Plans		Benefits
Minimum funding requirement for 2014	$	-		N/A		N/A
Contributions made in the three months ended March 31, 2014		-	$	332	$	60
Expected contributions (approximations) for the year ended December 31, 2014 as of the time of :
This Form 10-Q (1)		2,000		1,320		217
2013 Form 10-K (2)		2,000		1,320		217

N/A - Not applicable.

(1) HMEC’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2014.

(2) HMEC’s Annual Report on Form 10-K for the year ended December 31, 2013, specifically “Notes to Consolidated Financial Statements -- Note 9 -- Pension Plans and Other Postretirement Benefits”.