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Employee Benefits | 9 Months Ended
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Oct. 03, 2015
Employee Benefits |
Employee Benefits | Note 6 – Employee Benefits Seaboard maintains two defined benefit pension plans for its domestic salaried and clerical employees. At this time, no contributions are expected to be made to these plans for the remainder of 2015. Seaboard also sponsors non-qualified, unfunded supplemental executive plans, and has certain individual, non-qualified, unfunded supplemental retirement agreements for certain retired employees. Management has no plans to provide funding for these supplemental plans in advance of when the benefits are paid. The net periodic benefit cost for all of these plans was as follows:
|  | Three Months Ended |  | Nine Months Ended |
|  | October 3, |  | September 27, |  | October 3, |  | September 27, |
(Thousands of dollars) |  | 2015 |  | 2014 |  | 2015 |  | 2014 |
Components of net periodic benefit cost: |  |  |  |  |  |  |  |  |  |  |  |  |
Service cost |  | $ | 2,500 |  | $ | 1,924 |  | $ | 7,442 |  | $ | 5,784 |
Interest cost |  |  | 2,592 |  |  | 2,404 |  |  | 7,729 |  |  | 7,225 |
Expected return on plan assets |  |  | (2,179) |  |  | (2,173) |  |  | (6,467) |  |  | (6,537) |
Amortization and other |  |  | 1,379 |  |  | 524 |  |  | 3,505 |  |  | 1,575 |
Net periodic benefit cost |  | $ | 4,292 |  | $ | 2,679 |  | $ | 12,209 |  | $ | 8,047 |

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