16. Pensions

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


	13 weeks ended						39 weeks ended
(in millions)	November 1, 2014			November 2, 2013			November 1, 2014			November 2, 2013
Components of net periodic pension benefit (cost):
Service cost	$	(0.6	)	$	(0.6	)	$	(1.8	)	$	(1.8	)
Interest cost		(2.4	)		(2.3	)		(7.4	)		(6.9	)
Expected return on UK Plan assets		3.7			3.2			11.2			9.6
Amortization of unrecognized prior service credits		0.4			0.4			1.3			1.1
Amortization of unrecognized actuarial loss		(0.5	)		(0.6	)		(1.5	)		(1.7	)

Net periodic pension benefit	$	0.6		$	0.1		$	1.8		$	0.3

In the 39 weeks ended November 1, 2014, Signet contributed $3.2 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.