Note 13 – Retirement Benefits

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


	Defined Benefit Pension
	Three Months Ended						Nine Months Ended
(In thousands)	November 29, 2013			November 23, 2012			November 29, 2013			November 23, 2012
Service cost	$	315		$	386		$	955		$	1,053
Interest cost		1,766			1,864			5,244			5,547
Expected return on plan assets		(1,577	)		(1,632	)		(4,718	)		(4,854	)
Amortization of prior service cost		68			61			170			184
Amortization of actuarial loss		871			1,005			2,701			2,636

	$	1,443		$	1,684		$	4,352		$	4,566


	Postretirement Benefits
	Three Months Ended						Nine Months Ended
(In thousands)	November 29, 2013			November 23, 2012			November 29, 2013			November 23, 2012
Service cost	$	48		$	88		$	323		$	513
Interest cost		572			531			1,797			2,131
Expected return on plan assets		(775	)		(893	)		(2,300	)		(2,573	)
Amortization of prior service credit		(327	)		(519	)		(977	)		(1,557	)
Amortization of actuarial gain		(357	)		(339	)		(782	)		(339	)

	$	(839	)	$	(1,132	)	$	(1,939	)	$	(1,825	)

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 nine months ended November 29, 2013 was $4.9 million, compared to $3.9 million in the prior year period. The Corporation also matches a portion of 401(k) employee contributions. The expenses recognized for the three and nine month periods ended November 29, 2013 were $1.3 million and $4.0 million ($2.3 million and $4.9 million for the three and nine month periods ended November 23, 2012), respectively. The profit-sharing plan and 401(k) matching expenses for the nine month periods are estimates as actual contributions are determined after fiscal year-end.

At November 29, 2013, February 28, 2013 and November 23, 2012, the liability for postretirement benefits other than pensions was $18.6 million, $15.7 million and $28.6 million, respectively, and is included in “Other liabilities” on the Consolidated Statement of Financial Position. At November 29, 2013, February 28, 2013 and November 23, 2012, the long-term liability for pension benefits was $81.0 million, $81.4 million and $75.7 million, respectively, and is included in “Other liabilities” on the Consolidated Statement of Financial Position.