14. Pensions

Signet operates a defined benefit pension plan in the UK (the “UK Plan”). The components of net periodic pension benefit were as follows:


	13 weeks ended
(in millions)	May 3, 2014			May 4, 2013
Components of net periodic pension benefit:
Service cost	$	(0.6	)	$	(0.6	)
Interest cost		(2.5	)		(2.3	)
Expected return on UK Plan assets		3.8			3.2
Amortization of unrecognized prior service credit		0.4			0.4
Amortization of unrecognized actuarial loss		(0.5	)		(0.6	)

Net periodic pension benefit	$	0.6		$	0.1

In the 13 weeks ended May 3, 2014, Signet contributed $1.1 million to the UK Plan and expects to contribute a minimum aggregate of $4.2 million at current exchange rates to the UK Plan in Fiscal 2015. These contributions are in accordance with an agreed upon deficit recovery plan and based on the results of the actuarial valuation as of April 5, 2012.