Retirement Benefits

9 Months Ended

Sep. 30, 2012

Retirement Benefits [Abstract]

Retirement Benefits

3.Retirement Benefits

The components of net periodic benefit cost (income) related to the non-contributory, defined benefit pension plan for the three month and nine month periods ended September 30 were as follows:

Three Months Ended September 30,		Nine Months Ended September 30,
	2012	2011	2012	2011

                       In thousands   

Service cost	$            163	$             143	$            488	$            429
Interest cost	231	240	694	720
Expected return on plan assets	(443)	(457)	(1,329)	(1,371)
Amortization of net loss	153	35	459	105
Amortization of transition obligation	2	3	7	9
Amortization of prior service cost	10	10	30	30

Net Periodic Benefit Cost (Income) $            116 $              (26) $             349 $            (78)

The Corporation previously disclosed in its consolidated financial statements for the year ended December 31, 2011, that it had not yet determined the amount the Bank plans on contributing to the plan in 2012. As of September 30, 2012, the Bank determined that it will make the full tax-deductible contribution, $1,850,000, in mid-December 2012. Effective April 1, 2012, no inactive or former participant in the plan shall be eligible to again participate in the plan, and no employee hired after March 31, 2012, shall be eligible to participate in the plan. As of the last annual census, ACNB Bank had a combined 368 active, vested terminated and retired persons in the plan. There were 11 new hires in the first quarter of 2012 that are not enrolled in the plan, but will be upon meeting the eligibility requirements.