XML 40 R17.htm IDEA: XBRL DOCUMENT v2.4.0.6
Benefit Plans
3 Months Ended
Mar. 31, 2013
Benefit Plans [Abstract]  
Benefit Plans
Note 10 - Benefit Plans

The following table provides the components of net periodic benefit cost for the pension, supplemental executive retirement and other postretirement benefit plans:

   
Three Months Ended March 31,
 
  Pension and Supplemental  
Other Postretirement
 
  Executive Retirement Plans  
Benefits
 
   
2013
  
2012
  
2013
  
2012
 
   
(In thousands)
 
              
Service cost
 $2,717  $2,390  $194  $309 
Interest cost
  3,799   4,106   154   292 
Expected return on plan assets
  (5,038)  (4,516)  (920)  (790)
Recognized net actuarial loss
  1,516   1,478   -   210 
Amortization of prior service cost
  125   161   (1,663)  (1,554)
                  
Net periodic benefit cost
 $3,119  $3,619  $(2,235) $(1,533)
 
We currently intend to make a $10 million contribution to the pension plan during 2013.

Under Statement of Statutory Accounting Principles ("SSAP") No. 92 and No. 102, which became effective January 1, 2013, the measurement of pension and other postretirement benefit liabilities will begin to include non-vested employees. This measurement, referred to as the projected benefit obligation, is the measurement currently used under GAAP. The new SSAPs did not have a material impact on our statutory benefit obligations or statutory surplus.