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Retirement and Benefit Plans | 9 Months Ended
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Sep. 30, 2016
Compensation and Retirement Disclosure [Abstract] |
Retirement and Benefit Plans | Retirement and Benefit Plans The following table presents the pension benefit costs:
| Three Months Ended September 30 |  | Nine Months Ended September 30
| 2016 |  | 2015 |  | 2016 |  | 2015
| (thousands)
Service cost | $ | 279 |  |  | $ | 12 |  |  | $ | 846 |  |  | $ | 726 |
Interest cost | 4,805 |  |  | 4,808 |  |  | 14,376 |  |  | 14,259 |
Expected return on plan assets | (5,131 | ) |  | (5,844 | ) |  | (15,310 | ) |  | (16,539 | )
Amortization of actuarial loss | 584 |  |  | 987 |  |  | 1,540 |  |  | 3,897 |
Plan settlement loss | — |  |  | — |  |  | 297 |  |  | 501 |
Net periodic benefit expense | $ | 537 |  |  | $ | (37 | ) |  | $ | 1,749 |  |  | $ | 2,844 |
During the nine months ended September 30, 2016, we contributed $3.3 million in cash to the pension plans. For the remainder of 2016, we expect to make approximately $0.5 million in additional cash contributions to the pension plans. During the third quarter 2016, we offered a program whereby certain terminated vested participants and active employees of the Boise Cascade Company Pension Plan could elect to take a one-time voluntary lump-sum payment equal to the present value of future benefits. Active employees are required to retire on or before November 1, 2016 to receive their lump-sum benefits. This program closed on September 30, 2016 with participants electing lump-sum payments totaling approximately $21 million. Plan participants who elected to participate in the program will receive their lump-sum benefits on November 1, 2016. Settlement expense will be recorded in fourth quarter 2016.

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