Retirement Plans

The following table shows the net periodic benefit cost related to the Retirement Income Plan for Selective Insurance Company of America (“Retirement Income Plan”) and the life insurance benefits provided to eligible Selective Insurance Company of America retirees (referred to as the "Retirement Life Plan"). For more information concerning these plans, refer to Note 15. “Retirement Plans” in Item 8. “Financial Statements and Supplementary Data.” of our 2013 Annual Report.



	Retirement Income Plan Quarter ended June 30,					Retirement Life Plan Quarter ended June 30,
($ in thousands)	2014			2013		2014	2013
Components of Net Periodic Benefit Cost:

Net Periodic Benefit Cost:
Service cost	$	1,626		1,857		—	—
Interest cost	3,253			3,051		73	69
Expected return on plan assets	(3,918		)	(3,985	)	—	—
Amortization of unrecognized net actuarial loss	368			772		13	17
Total net periodic cost	$	1,329		1,695		86	86



	Retirement Income Plan Six Months ended June 30,					Retirement Life Plan Six Months ended June 30,
($ in thousands)	2014			2013		2014	2013
Components of Net Periodic Benefit Cost:

Net Periodic Benefit Cost:
Service cost	$	3,253		4,306		—	—
Interest cost	6,507			6,354		146	139
Expected return on plan assets	(7,837		)	(7,833	)	—	—
Amortization of unrecognized prior service	—			10		—	—
Amortization of unrecognized net actuarial loss	735			2,594		26	35
Curtailment expense	—			16		—	—
Total net periodic cost	$	2,658		5,447		172	174



	Retirement Income Plan Six Months ended June 30,			Retirement Life Plan Six Months ended June 30,
	2014		2013	2014		2013
Weighted-Average Expense Assumptions:
Discount rate	5.16	%	4.66	4.85	%	4.42
Expected return on plan assets	6.92		7.40	—		—
Rate of compensation increase	4.00		4.00	—		—

We presently anticipate contributing $9.8 million to the Retirement Income Plan in 2014, $5.4 million of which has been funded as of June 30, 2014.