Pension and Postretirement Benefits

9 Months Ended

Sep. 30, 2013

General Discussion Of Pension And Other Postretirement Benefits [Abstract]

Pension And Other Postretirement Benefits Disclosure [Text Block]

Note 5 – Pension and Other Postretirement Benefits

The components of net periodic benefit cost for the three and nine months ended September 30, 2013 and September 30, 2012 are as follows:

	Three Months Ended September 30,								Nine Months Ended September 30,
					Other								Other
					Postretirement								Postretirement
	Pension Benefits				Benefits				Pension Benefits				Benefits
		2013		2012		2013		2012		2013		2012		2013		2012
Service cost	$	789	$	605	$	9	$	5	$	2,355	$	1,843	$	26	$	14
Interest cost and other		1,394		1,442		46		71		4,172		4,369		138		213
Expected return on plan assets		(1,476)		(1,358)		0		0		(4,417)		(4,101)		0		0
Actuarial loss amortization		989		687		8		31		2,961		2,067		24		92
Prior service cost amortization		23		28		0		0		155		84		0		0
Net periodic benefit cost	$	1,719	$	1,404	$	63	$	107	$	5,226	$	4,262	$	188	$	319

Employer Contributions:

The Company previously disclosed in its financial statements for the year ended December 31, 2012, that it expected to make minimum cash contributions of $6,610 to its pension plans and $719 to its other postretirement benefit plan in 2013. However, the Company exercised its option under the provisions of the Moving Ahead for Progress in the 21st Century Act (“MAP-21”) to reduce its current contributions.As of September 30, 2013, $5,556and $461 of contributions had been made to the Company's pension plans and its other postretirement benefit plans, respectively. The Company does not expect to make any further material contributions to its pension plans or other postretirement benefit plans for the duration of 2013.