XML 51 R12.htm IDEA: XBRL DOCUMENT v3.19.3
Retirement Benefits
9 Months Ended
Sep. 30, 2019
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 and nine month periods ended September 30 were as follows:

 
 
Three Months Ended September 30,
 
Nine Months Ended September 30
In thousands
 
2019
 
2018
 
2019
 
2018
Service cost
 
$
174

 
$
215

 
$
522

 
$
645

Interest cost
 
303

 
274

 
909

 
822

Expected return on plan assets
 
(637
)
 
(693
)
 
(1,911
)
 
(2,077
)
Amortization of net loss
 
212

 
129

 
637

 
386

 
 
 
 
 
 
 
 
 
Net Periodic Benefit Expense
 
$
52

 
$
(75
)
 
$
157

 
$
(224
)

 
The Corporation previously disclosed in its consolidated financial statements for the year ended December 31, 2018, that it had not yet determined the amount the Bank planned on contributing to the defined benefit plan in 2019. As of September 30, 2019, 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 353 active, vested, terminated and retired persons in the plan.