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Retirement Agreements and Other Postretirement Benefit Plan (Tables)
 12 Months Ended
Dec. 31, 2014
Compensation and Retirement Disclosure [Abstract]  
Components Of Net Periodic Benefits Cost
Cost of the Company’s postretirement benefits included the following components:
 
2014
 
2013
 
2012
Net periodic benefit cost
 
 
 
 
 
  Service cost – benefits earned during the year
$
14,667

 
$
15,782

 
$
12,617

  Interest cost on the projected benefit obligation
30,472

 
28,412

 
27,867

  Amortization (accretion) of unrecognized prior service cost
2,217

 
(1,518
)
 
9,396

  Amortization of unrecognized loss
—

 
6,293

 
680

Net periodic benefits cost at end of year
$
47,356

 
$
48,969

 
$
50,560
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, 2014 and 2013 are presented in the following table:
 
2014
 
2013
Funded status
 
 
 
Actuarial present value of future benefits:
 
 
 
Fully eligible active employee
$
(409,492
)
 
$
(377,838
)
Non-eligible active employees
(362,045
)
 
(301,439
)
Plan assets
—

 
—

Funded status of accumulated postretirement benefit obligation, recognized in other liabilities
$
(771,537
)
 
$
(679,277
)
Development Of The Accumulated Postretirement Benefit Obligation
Development of the accumulated postretirement benefit obligation for the years ended December 31, 2014 and 2013 includes the following:
 
2014
 
2013
Accrued postretirement benefit obligation at beginning of year
$
(679,277
)
 
$
(712,296
)
Service cost – benefits earned during the year
(14,667
)
 
(15,782
)
Interest cost on projected benefit obligation
(30,472
)
 
(28,412
)
Actuarial (loss) gain
(47,121
)
 
77,213

Accrued postretirement benefit obligation at end of year
$
(771,537
)
 
$
(679,277
)
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:
 
2014
 
2013
Balance at beginning of year
$
73,246

 
$
155,234

Components of accumulated other comprehensive income:
 
 
 
Unrecognized prior service (cost) credit
(2,217
)
 
1,518

Amortization of loss, net
—

 
(6,293
)
Actuarial loss (gain)
47,121

 
(77,213
)
Balance at end of year
$
118,150

 
$
73,246
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 2015 are:
 
Projected
2015
Amortization of unrecognized prior service cost
$
4,390

Amortization of unrecognized loss
3,514

Net periodic benefit cost at end of year
$
7,904
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, 2014:
 
One
Percentage
Point
Increase
 
One
Percentage
Point
Decrease
Net periodic postretirement benefit cost
 
 
 
Effect on the service cost component
$
4,386

 
$
(3,344
)
Effect on interest cost
6,819

 
(5,267
)
Total effect on the net periodic postretirement benefit cost
$
11,205

 
$
(8,611
)
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
75,677

 
(59,919
)
Effect on actives not yet eligible
94,798

 
(72,309
)
Total effect on the accumulated postretirement benefit obligation
$
170,475

 
$
(132,228
)