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Pension and Other Postretirement Benefit Plans
9 Months Ended
Sep. 30, 2013
Compensation and Retirement Disclosure [Abstract]  
Pension and Other Postretirement Benefit Plans
Pension and Other Postretirement Benefit Plans
The components of net periodic benefit cost (income) for the Corporation’s qualified and nonqualified pension plans and nonqualified postretirement benefit plan are as follows:
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2013
 
2012
 
2013
 
2012
 
 
(In thousands)
Defined Benefit Pension Plans
 
 
 
 
 
 
 
 
Service cost
 
$
326

 
$
304

 
$
976

 
$
910

Interest cost
 
1,166

 
1,214

 
3,500

 
3,644

Expected return on plan assets
 
(1,949
)
 
(1,731
)
 
(5,845
)
 
(5,194
)
Amortization of prior service credit
 

 

 
(1
)
 
(1
)
Amortization of unrecognized net loss
 
946

 
614

 
2,838

 
1,843

Net periodic benefit cost
 
$
489

 
$
401

 
$
1,468

 
$
1,202

Postretirement Benefit Plan
 
 
 
 
 
 
 
 
Service cost
 
$
5

 
$

 
$
14

 
$

Interest cost
 
36

 
37

 
108

 
110

Amortization of prior service cost (credit)
 
27

 
(75
)
 
233

 
(225
)
Amortization of unrecognized net gain
 
(18
)
 
(7
)
 
(55
)
 
(21
)
Net periodic benefit cost (income)
 
$
50

 
$
(45
)
 
$
300

 
$
(136
)

The Corporation’s pension plan does not have a contribution requirement in 2013. The Corporation made a voluntary $15.0 million contribution to the pension plan during the first quarter of 2013. The discount rate used to compute the Corporation's pension plan expense for 2013 is 4.08%.
401(k) Savings Plan expense for the Corporation’s match of participants’ base compensation contributions and a 4% of eligible pay contribution to certain employees who are not grandfathered under the pension plan was $0.9 million and $0.8 million for the three months ended September 30, 2013 and 2012, respectively, and $2.7 million and $2.3 million for the nine months ended September 30, 2013 and 2012, respectively.