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Pension Plan and Postretirement Benefits Other Than Pension (Tables)
3 Months Ended
Mar. 31, 2015
Pension Plan and Postretirement Benefits Other Than Pension  
Schedule of components of net periodic pension and other postretirement costs

 

 

 

 

Pension Benefits

 

Other
Postretirement
Benefits

 

 

 

Three months
ended
March 31,

 

Three months
ended
March 31,

 

 

 

2015

 

2014

 

2015

 

2014

 

 

 

(in thousands)

 

Components of net periodic benefit cost:

 

 

 

 

 

 

 

 

 

Service cost

 

$

3,047

 

2,725

 

228

 

180

 

Interest cost

 

2,154

 

2,153

 

99

 

99

 

Expected return on plan assets

 

(3,691

)

(3,413

)

 

 

Actuarial (gain) loss amortization

 

1,377

 

411

 

 

(4

)

Prior service cost amortization

 

115

 

130

 

5

 

14

 

Transition obligation amortization

 

1

 

1

 

 

 

 

 

 

 

 

 

 

 

 

 

Total(1)

 

$

3,003

 

2,007

 

332

 

289

 

 

(1)

Approximately 60% of net periodic pension and other postretirement benefit costs are included in compensation and related costs on the consolidated statements of income, while the remainder is included in underwriting and distribution expense.