Benefit Plans

9 Months Ended

Sep. 30, 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 September 30,
	Pension and Supplemental						Other Postretirement
	Executive Retirement Plans						Benefits
	2013			2012			2013			2012
	(In thousands)
Service cost	$	2,835		$	2,416		$	202		$	307
Interest cost		3,823			4,120			155			286
Expected return on plan assets		(5,035	)		(4,553	)		(919	)		(791	)
Recognized net actuarial loss		1,536			1,457			-			199
Amortization of prior service cost		125			166			(1,663	)		(1,554	)
Net periodic benefit cost	$	3,284		$	3,606		$	(2,225	)	$	(1,553	)

	Nine Months Ended September 30,
	Pension and Supplemental						Other Postretirement
	Executive Retirement Plans						Benefits
	2013			2012			2013			2012
	(In thousands)
Service cost	$	8,504		$	7,247		$	609		$	920
Interest cost		11,467			12,361			464			857
Expected return on plan assets		(15,108	)		(13,659	)		(2,759	)		(2,372	)
Recognized net actuarial loss		4,609			4,372			-			599
Amortization of prior service cost		377			499			(4,987	)		(4,663	)
Net periodic benefit cost	$	9,849		$	10,820		$	(6,673	)	$	(4,659	)

In the second quarter of 2013 we made a $10 million contribution to the pension plan. We currently do not intend to make any further contributions in 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 now includes 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 surplus.