Pension and Other Postretirement Benefit Plans

The following table sets forth information regarding the components of net expense for the pension and other postretirement benefit plans.

	Three months ended						Six months ended
	June 30,						June 30,
(In thousands)	2017			2016			2017			2016

Employee Pension Plan:
Interest cost	$	216		$	226		$	432		$	452
Amortization of unrecognized loss		174			201			348			402
Expected return on plan assets		(348	)		(348	)		(696	)		(696	)
Net employee pension expense	$	42		$	79		$	84		$	158

Outside Director Pension Plan:
Service cost	$	10		$	11		$	20		$	22
Interest cost		23			24			46			48
Amortization of unrecognized gain		(23	)		(21	)		(46	)		(42	)
Amortization of past service liability		10			10			20			20
Net outside director pension expense	$	20		$	24		$	40		$	48

Other Postretirement Benefit Plans:
Service cost	$	79		$	90		$	158		$	180
Interest cost		76			80			152			160
Amortization of unrecognized loss		-			12			-			24
Amortization of past service credit		(21	)		(22	)		(42	)		(43	)
Net other postretirement expense	$	134		$	160		$	268		$	321

The Company previously disclosed in its Consolidated Financial Statements for the year ended

December 31, 2016

that it expects to contribute

$0.3

million and

$0.2

million to the Outside Director Pension Plan (the “Outside Director Pension Plan”) and the other postretirement benefit plans (the “Other Postretirement Benefit Plans”), respectively, during the year ending

December 31, 2017.

The Company does

not

expect to make a contribution to the Employee Pension Plan (the “Employee Pension Plan”). As of

June 30, 2017,

the Company has contributed

$72,000

to the Outside Director Pension Plan and

$41,000

to the Other Postretirement Benefit Plans. As of

June 30, 2017,

the Company has

not

revised its expected contributions for the year ending

December 31, 2017.