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Pension | 12 Months Ended
--- | ---
Dec. 31, 2019
Defined Contribution Plan [Abstract] |
Pension | PENSION: The benefits for the Defined Contribution Restoration Plan were frozen effective July 1, 2018. Employees hired after this date are not eligible for this benefit plan. In addition, current participants receive no further compensation credits after that date, with the last award being 2017. Annual interest credits will continue to be made in accordance with the terms of the plan. The freezing of the plan triggered a curtailment gain of $416 during the year ended December 31, 2018. The current portion of the pension obligation is included in Other Accrued Liabilities and the noncurrent portion is included in Other liabilities in the Consolidated Balances Sheets. The reconciliation of changes in the benefit obligation, plan assets and funded status of the pension benefits is as follows:
|  | December 31,
|  | 2019 |  | 2018
Change in Benefit Obligation: |  |  |  |
Benefit Obligation at Beginning of Period |  | $ | 33,569 |  |  | $ | 36,280 |
Service Cost |  | 209 |  |  | 302 |
Interest Cost |  | 1,338 |  |  | 1,265 |
Actuarial Loss (Gain) |  | 4,865 |  |  | (2,645 | )
Plan Amendments |  | 1,728 |  |  | — |
Plan Curtailments |  | — |  |  | (126 | )
Benefits and Other Payments |  | (1,513 | ) |  | (1,507 | )
Benefit Obligation at End of Period |  | $ | 40,196 |  |  | $ | 33,569 |
Change in Plan Assets: |  |  |  |
Fair Value of Plan Assets at Beginning of Period |  | $ | — |  |  | $ | — |
Company Contributions |  | 1,513 |  |  | 1,507 |
Benefits and Other Payments |  | (1,513 | ) |  | (1,507 | )
Fair Value of Plan Assets at End of Period |  | $ | — |  |  | $ | — |
Funded Status: |  |  |  |
Current Liabilities |  | $ | (1,587 | ) |  | $ | (1,578 | )
Noncurrent Liabilities |  | (38,609 | ) |  | (31,991 | )
Net Obligation Recognized |  | $ | (40,196 | ) |  | $ | (33,569 | )
Amounts Recognized in Accumulated Other Comprehensive Loss Consist of: |  |  |  |
Net Actuarial Loss |  | $ | 15,361 |  |  | $ | 10,738 |
Prior Service Cost (Credit) |  | 1,727 |  |  | (17 | )
Total |  | 17,088 |  |  | 10,721 |
Less: Tax Benefit |  | 4,483 |  |  | 2,817 |
Net Amount Recognized |  | $ | 12,605 |  |  | $ | 7,904 |
The components of the net periodic benefit cost are as follows:
| For the Years Ended December 31,
| 2019 |  | 2018 |  | 2017
Components of Net Periodic Benefit Cost: |  |  |  |  |
Service Cost | $ | 209 |  |  | $ | 302 |  |  | $ | 375 |
Interest Cost | 1,338 |  |  | 1,265 |  |  | 1,201 |
Amortization of Prior Service Credits | (17 | ) |  | (193 | ) |  | (362 | )
Recognized Net Actuarial Loss | 242 |  |  | 865 |  |  | 1,525 |
Curtailment Gain | — |  |  | (416 | ) |  | — |
Net Periodic Benefit Cost | $ | 1,772 |  |  | $ | 1,823 |  |  | $ | 2,739 |
Amounts included in accumulated other comprehensive loss which are expected to be recognized in 2020 net periodic benefit cost:
|  | Pension
|  | Benefits
Prior Service Cost Recognition |  | $ | (221 | )
Actuarial Loss Recognition |  | $ | (383 | )
CNX utilizes a corridor approach to amortize actuarial gains and losses that have been accumulated under the pension plan. Cumulative gains and losses that are in excess of 10% of the greater of either the projected benefit obligation (PBO) or the market-related value of plan assets are amortized over the expected remaining future lifetime of all plan participants for the pension plan. The following table provides information related to the pension plan with an accumulated benefit obligation in excess of plan assets:
|  | As of December 31,
|  | 2019 |  | 2018
Projected Benefit Obligation |  | $ | 40,196 |  |  | $ | 33,569 |
Accumulated Benefit Obligation |  | $ | 40,196 |  |  | $ | 33,169 |
Fair Value of Plan Assets |  | $ | — |  |  | $ | — |
Assumptions: The weighted-average assumptions used to determine benefit obligations are as follows:
|  | As of December 31,
|  | 2019 |  | 2018
Discount Rate |  | 3.36 | % |  | 4.37 | %
Rate of Compensation Increase |  | — | % |  | 3.63 | %
The discount rates are determined using a Company-specific yield curve model (above-mean) developed with the assistance of an external actuary. The Company-specific yield curve models (above-mean) use a subset of the expanded bond universe to determine the Company-specific discount rate. Bonds used in the yield curve are rated AA by Moody's or Standard & Poor's as of the measurement date. The yield curve models parallel the plans' projected cash flows, and the underlying cash flows of the bonds included in the models exceed the cash flows needed to satisfy the Company plans. The weighted-average assumptions used to determine net periodic benefit cost are as follows:
| For the Years ended December 31,
| 2019 |  | 2018 |  | 2017
Discount Rate | 4.37 | % |  | 4.28 | % |  | 4.26 | %
Rate of Compensation Increase | 3.63 | % |  | 4.05 | % |  | 3.90 | %
Cash Flows: CNX expects to pay benefits of $1,588 from the non-qualified pension plan in 2020. The following benefit payments, which reflect expected future service, are expected to be paid:
|  | Pension
Year ended December 31, |  | Benefits
2020 |  | $ | 1,588 |
2021 |  | $ | 1,670 |
2022 |  | $ | 1,760 |
2023 |  | $ | 1,866 |
2024 |  | $ | 2,063 |
Year 2025-2029 |  | $ | 11,207 |

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- Definition The entire disclosure for pension and other postretirement benefits. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -URI http://asc.fasb.org/topic&trid=2235017 + Details
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