Pension and Other Post-Retirement Benefits

3 Months Ended

Mar. 31, 2015

Pension and Other Post-Retirement Benefits

Note 9. Pension and Other Post-Retirement Benefits

The following tables set forth certain disclosures for the Company’s pension and post-retirement plans for the periods indicated:

	For the Three Months Ended March 31,
	2015						2014
(in thousands)	Pension Benefits			Post-Retirement Benefits			Pension Benefits			Post-Retirement Benefits
Components of net periodic (credit) expense:
Interest cost	$	1,516		$	175		$	1,474		$	190
Service cost		--			1			--			1
Expected return on plan assets		(4,390	)		--			(4,859	)		--
Amortization of prior-service costs		--			(62	)		--			(62	)
Amortization of net actuarial loss		2,052			96			822			118
Net periodic (credit) expense	$	(822	)	$	210		$	(2,563	)	$	247

The Company expects to contribute $1.3 million to its post-retirement plan to pay premiums and claims for the fiscal year ending December 31, 2015. The Company does not expect to make any contributions to its pension plan in 2015.