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Pension And Other Post-Retirement Benefits
 6 Months Ended
Jun. 30, 2016
Compensation and Retirement Disclosure [Abstract]  
Pension And Other Post-Retirement Benefits
The Company sponsors noncontributory defined benefit (pension) plans covering most employees. The plans for salaried and hourly employees currently in effect are based on a formula using the participant’s years of service and compensation or using the participant’s years of service and a dollar amount. The plan was closed to new participants in 2006 and pay for active plan participants was frozen as of December 31, 2007. With the exception of plan participants at one of Tredegar’s U.S. manufacturing facilities, the plan no longer accrues benefits associated with crediting employees for service, thereby freezing future benefits under the plan.

The components of net periodic benefit cost for our pension and other post-retirement benefit programs reflected in consolidated results are shown below:
 
Pension Benefits
 
Other Post-Retirement Benefits
 
Three Months Ended June 30,
 
Three Months Ended June 30,
(In Thousands)
2016
 
2015
 
2016
 
2015
Service cost
$
52

 
$
144

 
$
10

 
$
12

Interest cost
3,365

 
3,313

 
84

 
83

Expected return on plan assets
(3,979
)
 
(4,407
)
 
—

 
—

Amortization of prior service costs, gains or losses and net transition asset
3,384

 
4,024

 
(47
)
 
(40
)
Net periodic benefit cost
$
2,822

 
$
3,074

 
$
47

 
$
55

 
Pension Benefits
 
Other Post-Retirement Benefits
 
Six Months Ended June 30,
 
Six Months Ended June 30,
 
2016
 
2015
 
2016
 
2015
Service cost
$
124

 
$
288

 
$
21

 
$
24

Interest cost
6,730

 
6,625

 
169

 
167

Expected return on plan assets
(7,957
)
 
(8,814
)
 
—

 
—

Amortization of prior service costs, (gains) losses and net transition asset
6,768

 
8,048

 
(95
)
 
(80
)
Net periodic benefit cost
$
5,665

 
$
6,147

 
$
95

 
$
111


Pension and other post-retirement liabilities were $99.0 million and $101.0 million at June 30, 2016 and December 31, 2015, respectively ($0.6 million included in “Accrued expenses” at June 30, 2016 and December 31, 2015, with the remainder included in “Other noncurrent liabilities” in the consolidated balance sheets). The Company’s required contributions are expected to be approximately $6 million in 2016. There was a contribution to the pension plan in the amount of $0.8 million in the second quarter of 2016. Tredegar funds its other post-retirement benefits (life insurance and health benefits) on a claims-made basis, which the Company anticipates will be consistent with amounts paid for the year ended December 31, 2015, or $0.3 million.