Pension and Other Postretirement Benefits

6 Months Ended

Jun. 30, 2014

Pension and Other Postretirement Benefits

Note 9: Pension and Other Postretirement Benefits

The following table provides the components of net periodic benefit costs:

	Three Months Ended June 30,						Six Months Ended June 30,
	2014			2013			2014			2013
Components of net periodic pension benefit cost
Service cost	$	7,944		$	9,468		$	15,887		$	18,936
Interest cost		19,163			17,024			38,326			34,048
Expected return on plan assets		(23,710	)		(22,107	)		(47,419	)		(44,214	)
Amortization of:
Prior service cost (credit)		181			181			362			362
Actuarial (gain) loss		(32	)		9,292			(65	)		18,585
Net periodic pension benefit cost	$	3,546		$	13,858		$	7,091		$	27,717
Components of net periodic other postretirement benefit cost
Service cost	$	2,765		$	3,821		$	5,529		$	7,641
Interest cost		7,151			7,175			14,302			14,350
Expected return on plan assets		(6,875	)		(7,571	)		(13,750	)		(15,142	)
Amortization of:
Prior service cost (credit)		(547	)		(547	)		(1,094	)		(1,094	)
Actuarial (gain) loss		(20	)		2,782			(40	)		5,564
Net periodic other postretirement benefit cost	$	2,474		$	5,660		$	4,947		$	11,319

The Company contributed $15,365 to its defined benefit pension plans in the first six months of 2014 and expects to contribute $22,100 during the balance of 2014. In addition, the Company contributed $6,068 for the funding of its other postretirement plans in the first six months of 2014 and expects to contribute $6,069 during the balance of 2014.