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Pension
9 Months Ended
Sep. 30, 2012
Pension [Abstract]  
Pension
Pension

The amount of net pension cost is shown in the table below:
 
For the Three Months Ended September 30
 
For the Nine Months Ended September 30
(In thousands)
2012
2011
 
2012
2011
Service cost - benefits earned during the period
$
103

$
126

 
$
310

$
302

Interest cost on projected benefit obligation
1,287

2,605

 
3,860

5,329

Expected return on plan assets
(1,645
)
(3,378
)
 
(4,935
)
(6,728
)
Amortization of unrecognized net loss
730

821

 
2,190

1,901

Net periodic pension cost
$
475

$
174

 
$
1,425

$
804



Substantially all benefits accrued under the Company’s defined benefit pension plan were frozen effective January 1, 2005, and the remaining benefits were frozen effective January 1, 2011. During the first nine months of 2012, the Company made a discretionary contribution of $1.5 million to its defined benefit pension plan in order to reduce pension guarantee costs. The Company also made minimal funding contributions to a supplemental executive retirement plan (the CERP), which carries no segregated assets. The Company has no plans to make any further contributions, other than those related to the CERP, during the remainder of 2012.