Employee Benefit Plans

3 Months Ended

Mar. 31, 2021

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
	2021		2020
	(in thousands)
Interest cost	$	561	$	681
Expected return on plan assets	(1,011)		(982)
Net amortization and deferral	504		465
Net periodic pension cost	$	54	$	164

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
	2021		2020
	(in thousands)
Interest cost	$	8	$	11
Net accretion and deferral	(134)		(137)
Net periodic benefit	$	(126)	$	(126)

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.