Retirement Benefits

3 Months Ended

Mar. 31, 2022

Postemployment Benefits [Abstract]

Retirement Benefits

Retirement Benefits

The components of net periodic benefit expense related to the non-contributory, defined benefit pension plan for the three month periods ended March 31 were as follows:

	Three Months Ended March 31,
In thousands	2022		2021
Service cost	$	194	$	220
Interest cost	263		236
Expected return on plan assets	(784)		(704)
Amortization of net loss	102		314
Net Periodic Benefit (Income) Expense	$	(225)	$	66

The Corporation previously disclosed in its consolidated financial statements for the year ended December 31, 2021, that it had not yet determined the amount the Bank planned on contributing to the defined benefit plan in 2022. As of March 31, 2022, this contribution amount had still not been determined. Effective April 1, 2012, no inactive or former participant in the plan is eligible to again participate in the plan, and no employee hired after March 31, 2012, is eligible to participate in the plan. As of the last annual census, ACNB Bank had a combined 346 active, vested, terminated and retired persons in the plan.