EMPLOYEE BENEFIT PLANS (Tables)

9 Months Ended

Sep. 30, 2014

EMPLOYEE BENEFIT PLANS

Components of the net periodic benefit cost of PLC's defined benefit pension plan and unfunded excess benefit plan

	For The						For The
	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2014			2013			2014			2013
	(Dollars In Thousands)
Service cost – benefits earned during the period	$	2,453		$	2,708		$	7,359		$	8,124
Interest cost on projected benefit obligation	2,993			2,553			8,979			7,659
Expected return on plan assets	(3,065		)	(2,759		)	(9,195		)	(8,277		)
Amortization of prior service cost/(credit)	(95		)	(95		)	(285		)	(285		)
Amortization of actuarial losses	1,897			2,729			5,691			8,187
Total benefit cost	$	4,183		$	5,136		$	12,549		$	15,408