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Retirement Benefit Obligations (Tables)

6 Months Ended

Jun. 30, 2014

Key Weighted Average Assumptions used in Determining Benefit Plan Costs and Obligations

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

Components of Retirement Plan Costs

The following tables provide the components of the Company’s Retirement plan costs ($000’s):

		Pension Plan								PBOP Plan								SERP
Three Months Ended June 30,		2014				2013				2014				2013				2014				2013
Service Cost		$	751			$	894			$	497			$	631			$	14			$	18
Interest Cost			1,273				1,141				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				1,056				14				196				25				46
Sub-total			1,228				1,654				1,373				1,684				110				127
Amounts Capitalized and Deferred			(501	)			(768	)			(593	)			(678	)			—				—
Net Periodic Benefit Cost Recognized		$	727			$	886			$	780			$	1,006			$	110			$	127

		Pension Plan								PBOP Plan								SERP
Six Months Ended June 30,		2014				2013				2014				2013				2014				2013
Service Cost		$	1,502			$	1,787			$	994			$	1,262			$	28			$	36
Interest Cost			2,546				2,283				1,344				1,224				136				121
Expected Return on Plan Assets			(3,122	)			(2,978	)			(460	)			(361	)			—				—
Prior Service Cost Amortization			106				104				840				850				6				6
Actuarial Loss Amortization			1,424				2,115				28				393				50				92
Sub-total			2,456				3,311				2,746				3,368				220				255
Amounts Capitalized and Deferred			(844	)			(1,384	)			(1,065	)			(1,447	)			—				—
Net Periodic Benefit Cost Recognized		$	1,612			$	1,927			$	1,681			$	1,921			$	220			$	255

X

- Definition

Tabular disclosure of the assumptions used to determine for pension plans and/or other employee benefit plans the benefit obligation and net benefit cost, including assumed discount rates, rate increase in compensation increase, and expected long-term rates of return on plan assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 50

-Paragraph 1

-Subparagraph (k)

-URI http://asc.fasb.org/extlink&oid=35743120&loc=d3e1928-114920

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X

- Definition

Tabular disclosure of the costs related to the various types of retirement plans including defined benefit pension plan cost, defined contribution plan cost, other postretirement benefit plan cost, and net periodic benefit cost.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=35743120&loc=d3e1928-114920

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