PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS

The following tables are consolidated disclosures of all domestic and foreign defined pension plans as described in the Corporation’s 2012 Annual Report on Form 10-K. The postretirement benefits information includes the domestic Curtiss-Wright Corporation and EMD postretirement benefit plans, as there are no foreign postretirement benefit plans.

Pension Plans

The components of net periodic pension cost for the three and nine months ended September 30, 2013 and 2012 are as follows:



	(In thousands)
	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2013			2012			2013			2012
Service cost	$	8,449		$	10,061		$	30,167		$	30,194
Interest cost	7,163			6,564			20,679			19,695
Expected return on plan assets	(9,306		)	(8,382		)	(27,067		)	(25,152		)
Amortization of prior service cost	165			300			719			901
Amortization of unrecognized actuarial loss	3,560			2,755			11,767			8,266
Curtailments	(2,818		)	—			(107		)	—
Net periodic benefit cost	$	7,213		$	11,298		$	36,158		$	33,904

In May 2013, the Corporation's Board of Directors approved an amendment to the CW Pension Plan. The amendment, which is effective January 1, 2014, changes the time period used to calculate final and career average pay formulas and resulted

in a $3 million reduction to the projected benefit obligation of the plan and a second quarter 2013 curtailment charge of $2 million. The plan amendments also required a remeasurement of the assets and liabilities of the Curtiss-Wright Pension Plan. Due to favorable asset performance and an increase in the discount rate, the remeasurement decreased the pension liability by $45 million in the second quarter of 2013. The tax impact of the remeasurement was $18 million and recorded during the third quarter of 2013 as an out of period adjustment. The combined impact of the amendment, curtailment, and remeasurement resulted in a gain in Accumulated other comprehensive income, net of tax, of $32 million.

In September 2013, the Corporation amended the Metal Improvement Company - Salaried Staff pension Scheme (U.K.) and the Penny & Giles Pension Plan (U.K.) to cease the accrual of future benefits effective December 31, 2013. The amendments to the plans resulted in a $7 million reduction to the projected benefit obligations and a curtailment gain of $2.8 million. The plan amendments also required a remeasurement of the assets and liabilities, which resulted in an increase to the pension liability of approximately $1 million. The combined impact of the amendment, curtailment and remeasurement resulted in a gain in Accumulated other comprehensive income, net of tax, of $2 million.

During the nine months ended September 30, 2013, the Corporation made $41 million in contributions to the Curtiss-Wright Pension Plan, and does not expect to make any further contributions in 2013. In addition, contributions of $4 million were made to the Corporation’s foreign benefit plans during the nine months ended September 30, 2013. Contributions to the foreign benefit plans are expected to be $5 million in 2013.