Employee Benefit Plans

3 Months Ended

Mar. 31, 2020

Retirement Benefits [Abstract]

Employee Benefit Plans

Employee Benefit Plans

The net periodic pension cost for the Corporation’s Defined Benefit Pension Plan ("Pension Plan") consisted of the following components:

	Three months ended March 31
	2020			2019
	(in thousands)
Interest cost	$	681		$	815
Expected return on plan assets	(982		)	(689		)
Net amortization and deferral	465			495
Net periodic pension cost	$	164		$	621

The components of the net benefit for the Corporation’s Postretirement Benefits Plan ("Postretirement Plan") consisted of the following components:

	Three months ended March 31
	2020			2019
	(in thousands)
Interest cost	$	11		$	15
Net accretion and deferral	(137		)	(139		)
Net periodic benefit	$	(126	)	$	(124	)

The Corporation recognizes the funded status of its Pension Plan and Postretirement Plan on the Consolidated Balance Sheets and recognizes the change in that funded status through other comprehensive income.