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RETIREMENT BENEFIT OBLIGATIONS (Tables)

9 Months Ended

Sep. 30, 2016

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:

		2016				2015
Used to Determine Plan Costs
Discount Rate			4.30	%			4.00	%
Rate of Compensation Increase			3.00	%			3.00	%
Expected Long-term rate of return on plan assets			8.00	%			8.00	%
Health Care Cost Trend Rate Assumed for Next Year			7.00	%			6.00	%
Ultimate Health Care Cost Trend Rate			4.00	%			4.00	%
Year that Ultimate Health Care Cost Trend Rate is reached			2022				2018

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 September 30,		2016				2015				2016				2015				2016				2015
Service Cost		$	851			$	916			$	652			$	656			$	41			$	28
Interest Cost			1,486				1,343				808				729				96				78
Expected Return on Plan Assets			(1,814	)			(1,694	)			(301	)			(273	)			—				—
Prior Service Cost Amortization			66				54				372				420				47				2
Actuarial Loss Amortization			1,099				1,180				262				288				94				84
Sub-total			1,688				1,799				1,793				1,820				278				192
Amounts Capitalized and Deferred			(839	)			(927	)			(904	)			(921	)			—				—
Net Periodic Benefit Cost Recognized		$	849			$	872			$	889			$	899			$	278			$	192

		Pension Plan								PBOP Plan								SERP
Nine Months Ended September 30,		2016				2015				2016				2015				2016				2015
Service Cost		$	2,553			$	2,748			$	1,956			$	1,968			$	123			$	84
Interest Cost			4,458				4,029				2,424				2,187				288				234
Expected Return on Plan Assets			(5,442	)			(5,082	)			(903	)			(819	)			—				—
Prior Service Cost Amortization			198				162				1,116				1,260				141				8
Actuarial Loss Amortization			3,297				3,540				786				864				282				252
Sub-total			5,064				5,397				5,379				5,460				834				578
Amounts Capitalized and Deferred			(2,246	)			(2,510	)			(2,508	)			(2,563	)			—				—
Net Periodic Benefit Cost Recognized		$	2,818			$	2,887			$	2,871			$	2,897			$	834			$	578

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=65897934&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=65897934&loc=d3e1928-114920

+ Details

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