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Retirement Agreements and Other Postretirement Benefit Plan (Tables)
 12 Months Ended
Dec. 31, 2013
Compensation and Retirement Disclosure [Abstract]  
Components Of Net Periodic Benefits Cost
Cost of the Company’s postretirement benefits included the following components:
 
2013
 
2012
 
2011
Net periodic benefit cost
 
 
 
 
 
  Service cost – benefits earned during the year
$
15,782

 
$
12,617

 
$
19,503

  Interest cost on the projected benefit obligation
28,412

 
27,867

 
24,607

  (Accretion) amortization of unrecognized prior service cost
(1,518
)
 
9,396

 
13,038

  Amortization (accretion) of unrecognized loss (gain)
6,293

 
680

 
(318
)
Net periodic benefits cost at end of year
$
48,969

 
$
50,560

 
$
56,830
Schedule of Net Funded Status On The Balance Sheet
The effects of the funded status on the Company’s Consolidated Balance Sheets at December 31, 2013 and 2012 are presented in the following table:
 
2013
 
2012
Funded status
 
 
 
Actuarial present value of future benefits:
 
 
 
Fully eligible active employee
$
(377,838
)
 
$
(401,553
)
Non-eligible active employees
(301,439
)
 
(310,743
)
Plan assets
—

 
—

Funded status of accumulated postretirement benefit obligation, recognized in other liabilities
$
(679,277
)
 
$
(712,296
)
Development Of The Accumulated Postretirement Benefit Obligation
Development of the accumulated postretirement benefit obligation for the years ended December 31, 2013 and 2012 includes the following:
 
2013
 
2012
Accrued postretirement  benefit obligation at beginning of year
$
(712,296
)
 
$
(588,894
)
Service cost – benefits earned during the year
(15,782
)
 
(12,617
)
Interest cost on projected benefit obligation
(28,412
)
 
(27,867
)
Actuarial gain (loss)
77,213

 
(82,918
)
Accrued postretirement benefit obligation at end of year
$
(679,277
)
 
$
(712,296
)
Changes in Amounts Related to Accumulated Other Comprehensive Income, Pre-Tax
The changes in amounts related to accumulated other comprehensive income, pre-tax, are as follows:
 
2013
 
2012
Balance at beginning of year
$
155,234

 
$
82,392

Components of accumulated other comprehensive income:
 
 
 
Unrecognized prior service credit (cost)
1,518

 
(9,396
)
Amortization of loss, net
(6,293
)
 
(680
)
Actuarial (gain) loss
(77,213
)
 
82,918

Balance at end of year
$
73,246

 
$
155,234
Amounts in Accumulated Other Comprehensive Income, Pre-Tax, to be Recognized as Components of Net Periodic Benefit Costs
The amounts currently in accumulated other comprehensive income, pre-tax, that will be reclassified to the Consolidated Statements of Income and recognized as components of net periodic benefit costs in 2014 are:
 
Projected
2014
Amortization of unrecognized prior service cost
$
2,217

Amortization of unrecognized loss
—

Net periodic benefit cost at end of year
$
2,217
Effect of Net Periodic Postretirement Benefit Cost and Accumulated Postretirement Benefit Obligation
The following illustrates the effects on the net periodic postretirement benefit cost (“NPPBC”) and the accumulated postretirement benefit obligation (“APBO”) of a one percentage point increase and one percentage point decrease in the assumed health care cost trend rate as of December 31, 2013:
 
One-
Percentage
Point
Increase
 
One-
Percentage
Point
Decrease
Net periodic postretirement benefit cost
 
 
 
Effect on the service cost component
$
3,790

 
$
(2,860
)
Effect on interest cost
6,574

 
(5,056
)
Total effect on the net periodic postretirement benefit cost
$
10,364

 
$
(7,916
)
Accumulated postretirement benefit obligation (including active employees
who are not fully eligible)
 
 
 
Effect on those currently receiving benefits (retirees and spouses)
$
—

 
$
—

Effect on active fully eligible
68,198

 
(53,548
)
Effect on actives not yet eligible
77,887

 
(58,806
)
Total effect on the accumulated postretirement benefit obligation
$
146,085

 
$
(112,354
)