Note 13 – Retirement Benefits

The components of periodic benefit cost for the Corporation’s defined benefit pension and postretirement benefits plans are as follows:


	Defined Benefit Pension				Postretirement Benefits
	Three Months Ended				Three Months Ended
(In thousands)	May 31, 2013		May 25, 2012		May 31, 2013		May 25, 2012
Service cost		$ 320		$ 334		$ 138		$ 213
Interest cost		1,742		1,844		613		800
Expected return on plan assets		(1,574)		(1,613)		(763)		(840)
Amortization of prior service cost (credit)		51		61		(325)		(519)
Amortization of actuarial loss (gain)		917		816		(213)		-

		$ 1,456		$ 1,442		$ (550)		$ (346)

The Corporation has a discretionary profit-sharing plan with a 401(k) provision covering most of its United States employees. The profit-sharing plan expense for the three months ended May 31, 2013 was $4.0 million, compared to $3.0 million in the prior year period. The Corporation also matches a portion of 401(k) employee contributions. The expense recognized for the 401(k) match was $1.3 million in each of the three months ended May 31, 2013 and May 25, 2012. The profit-sharing plan and 401(k) matching expenses for the three month periods are estimates as actual contributions are determined after fiscal year-end.

At May 31, 2013, February 28, 2013 and May 25, 2012, the liability for postretirement benefits other than pensions was $16.8 million, $15.7 million and $26.2 million, respectively, and is included in “Other liabilities” on the Consolidated Statement of Financial Position. At May 31, 2013, February 28, 2013 and May 25, 2012, the long-term liability for pension benefits was $81.2 million, $81.4 million and $75.6 million, respectively, and is included in “Other liabilities” on the Consolidated Statement of Financial Position.