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Pension Benefit and Other Postretirement Benefit Plans
6 Months Ended
Jun. 30, 2014
Compensation and Retirement Disclosure [Abstract]  
Pension Benefit and Other Postretirement Benefit Plans
Pension Benefits and Other Postretirement Benefit Plans
Components of Net Periodic Benefit Cost
The components of net periodic benefit cost (income) for the periods indicated are:

(Dollars in thousands)
Pension Benefits
 
Retirement Health and Life Insurance Benefits
Three Months Ended
 
Six Months Ended
 
Three Months Ended
 
Six Months Ended
Change in benefit obligation:
June 30, 2014
 
June 30, 2013
 
June 30, 2014
 
June 30, 2013
 
June 30, 2014
 
June 30, 2013
 
June 30, 2014
 
June 30, 2013
Service cost
$

 
$
956

 
$

 
$
2,210

 
$
159

 
$
170

 
$
319

 
$
341

Interest cost
1,990

 
1,954

 
4,008

 
4,015

 
84

 
71

 
167

 
141

Expected return on plan assets
(3,228
)
 
(2,731
)
 
(6,455
)
 
(5,447
)
 

 

 

 

Amortization of prior service cost

 
31

 

 
124

 

 
(57
)
 

 
(115
)
Amortization of net loss
160

 
1,049

 
343

 
2,525

 
30

 
82

 
61

 
165

Special termination benefit

 

 

 

 

 

 

 

Settlement charge
(33
)
 

 
77

 

 

 

 

 

Curtailment charge

 
1,537

 

 
1,537

 

 

 

 

Net periodic benefit cost (income)
$
(1,111
)
 
$
2,796

 
$
(2,027
)
 
$
4,964

 
$
273

 
$
266


$
547

 
$
532


 
In the first quarter of 2014, we made a one-time cash payment to a former employee of $0.8 million in accordance with the provisions of his retirement contract related to his participation in the Pension Restoration Plan. This payment resulted in a settlement charge of approximately $0.1 million, which was recognized in the first quarter of 2014.
Employer Contributions
In the second quarter of 2014, we made a voluntary contribution of $6.5 million to our qualified defined benefit pension plans. This is the only amount contributed in the first six months of 2014. In the first half of 2013, we made voluntary contributions of $6.5 million to our qualified defined benefit pension plans.
We made $0.8 million in contributions to our non-qualified defined benefit pension plan for quarter ended March 31, 2014. We did not make any contributions to our non-qualified defined benefit pension plan in the second quarter of 2014 or the first half of 2013.