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Associate Retirement Plans
3 Months Ended
Jun. 22, 2013
Compensation And Retirement Disclosure [Abstract]  
Associate Retirement Plans

Note 6

Associate Retirement Plans

The following table provides the components of net periodic pension and postretirement benefit costs for the first quarter ended June 22, 2013 and June 23, 2012:

 

(In thousands)                                       
12 Weeks Ended    Pension Benefits     SERP Benefits      Postretirement Benefits  
     June 22,
2013
    June 23,
2012
    June 22,
2013
     June 23,
2012
     June 22,
2013
    June 23,
2012
 

Service cost

   $ —        $ —        $ —         $ —         $ 60      $ 45   

Interest cost

     517        597        7         10         87        93   

Expected return on plan assets

     (944     (1,038     —           —           —          —     

Amortization of prior service cost

     —          —          —           —           (12     (13

Recognized actuarial net loss

     300        295        7         7         41        32   
  

 

 

   

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

Net periodic (benefit) cost

   $ (127   $ (146   $ 14       $ 17       $ 176      $ 157   
  

 

 

   

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

No contributions have been made to the pension plan in fiscal 2014. No further contribution payments are required to be made in fiscal 2014 to meet the minimum pension funding requirements.

As previously stated in Note 5, Spartan Stores contributes to the Central States, Southeast and Southwest Areas Pension Fund (“Fund”) (EIN 7456500) at a pro rata fraction of 1% of total contributions. Spartan Store’s employer contributions during fiscal 2013 totaled $8.2 million, which Fund administrators represent is less than 5% of total employer contributions to the Fund.