Pension and Other Post-Retirement Benefits

9 Months Ended

Sep. 30, 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 September 30,
	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 past service liability		--			(62	)		--			(62	)
Amortization of net actuarial loss		2,052			96			822			118
Net periodic (credit) expense	$	(822	)	$	210		$	(2,563	)	$	247

	For the Nine Months Ended September 30,
	2015						2014
(in thousands)	Pension Benefits			Post-Retirement Benefits			Pension Benefits			Post-Retirement Benefits
Components of net periodic (credit) expense:
Interest cost	$	4,547		$	525		$	4,422		$	569
Service cost		--			3			--			3
Expected return on plan assets		(13,169	)		--			(14,577	)		--
Amortization of past service liability		--			(187	)		--			(186	)
Amortization of net actuarial loss		6,156			287			2,466			354
Net periodic (credit) expense	$	(2,466	)	$	628		$	(7,689	)	$	740

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.