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Retirement Benefit Obligations | 3 Months Ended
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Mar. 31, 2014
Retirement Benefit Obligations | NOTE 9: RETIREMENT BENEFIT OBLIGATIONS The Company co-sponsors the Unitil Corporation Retirement Plan (Pension Plan), the Unitil Retiree Health and Welfare Benefits Plan (PBOP Plan), and the Unitil Corporation Supplemental Executive Retirement Plan (SERP) to provide certain pension and postretirement benefits for its retirees and current employees. Please see Note 10 to the Consolidated Financial Statements in the Company’s Form 10-K for the year ended December 31, 2013 as filed with the SEC on January 29, 2014 for additional information regarding these plans. The following table includes the key weighted average assumptions used in determining the Company’s benefit plan costs and obligations:
|  | 2014 |  |  | 2013 |
Used to Determine Plan Costs |  |  |  |  |  |  |  |
Discount Rate |  |  | 4.80 | % |  |  | 4.00 | %
Rate of Compensation Increase |  |  | 3.00 | % |  |  | 3.00 | %
Expected Long-term rate of return on plan assets |  |  | 8.00 | % |  |  | 8.50 | %
Health Care Cost Trend Rate Assumed for Next Year |  |  | 7.00 | % |  |  | 8.00 | %
Ultimate Health Care Cost Trend Rate |  |  | 4.00 | % |  |  | 4.00 | %
Year that Ultimate Health Care Cost Trend Rate is reached |  |  | 2018 |  |  |  | 2017 |
The following table provides the components of the Company’s Retirement plan costs ($000’s):
|  | Pension Plan |  |  | PBOP Plan |  |  | SERP |
Three Months Ended March 31, |  | 2014 |  |  | 2013 |  |  | 2014 |  |  | 2013 |  |  | 2014 |  |  | 2013 |
Service Cost |  | $ | 751 |  |  | $ | 893 |  |  | $ | 497 |  |  | $ | 631 |  |  | $ | 14 |  |  | $ | 18 |
Interest Cost |  |  | 1,273 |  |  |  | 1,142 |  |  |  | 672 |  |  |  | 612 |  |  |  | 68 |  |  |  | 60 |
Expected Return on Plan Assets |  |  | (1,561 | ) |  |  | (1,489 | ) |  |  | (230 | ) |  |  | (180 | ) |  |  | — |  |  |  | — |
Prior Service Cost Amortization |  |  | 53 |  |  |  | 52 |  |  |  | 420 |  |  |  | 425 |  |  |  | 3 |  |  |  | 3 |
Actuarial Loss Amortization |  |  | 712 |  |  |  | 1,059 |  |  |  | 14 |  |  |  | 196 |  |  |  | 25 |  |  |  | 46 |
Sub-total |  |  | 1,228 |  |  |  | 1,657 |  |  |  | 1,373 |  |  |  | 1,684 |  |  |  | 110 |  |  |  | 127 |
Amounts Capitalized and Deferred |  |  | (344 | ) |  |  | (616 | ) |  |  | (473 | ) |  |  | (769 | ) |  |  | — |  |  |  | — |
Net Periodic Benefit Cost Recognized |  | $ | 884 |  |  | $ | 1,041 |  |  | $ | 900 |  |  | $ | 915 |  |  | $ | 110 |  |  | $ | 127 |
Employer Contributions As of March 31, 2014, the Company had made $0.9 million of contributions to its Pension Plan in 2014 and had not made any contributions to its PBOP Plan in 2014. The Company, along with its subsidiaries, expects to continue to make contributions to its Pension and PBOP Plans in 2014 and future years at minimum required and discretionary funding levels consistent with the amounts recovered in the distribution utilities’ rates for these Pension and PBOP Plan costs. As of March 31, 2014, the Company had made $13,000 of contributions to the SERP Plan in 2014. The Company presently anticipates contributing an additional $40,000 to the SERP Plan in 2014.

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- Definition The entire disclosure for pension and other postretirement benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -URI http://asc.fasb.org/topic&trid=2235017 + Details
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