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RETIREMENT BENEFIT OBLIGATIONS (Tables)

3 Months Ended

Mar. 31, 2017

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:

		2017				2016
Used to Determine Plan Costs
Discount Rate			4.10	%			4.30	%
Rate of Compensation Increase			3.00	%			3.00	%
Expected Long-term rate of return on plan assets			7.75	%			8.00	%
Health Care Cost Trend Rate Assumed for Next Year			8.00	%			7.00	%
Ultimate Health Care Cost Trend Rate			4.00	%			4.00	%
Year that Ultimate Health Care Cost Trend Rate is reached			2025				2022

Components of Retirement Plan Costs

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,		2017				2016				2017				2016				2017				2016
Service Cost		$	824			$	851			$	744			$	652			$	115			$	41
Interest Cost			1,514				1,486				978				808				98				96
Expected Return on Plan Assets			(1,819	)			(1,814	)			(337	)			(301	)			—				—
Prior Service Cost Amortization			66				66				350				372				47				47
Actuarial Loss Amortization			1,176				1,099				524				262				74				94
Sub-total			1,761				1,688				2,259				1,793				334				278
Amounts Capitalized and Deferred			(662	)			(610	)			(1,037	)			(737	)			—				—
Net Periodic Benefit Cost Recognized		$	1,099			$	1,078			$	1,222			$	1,056			$	334			$	278

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

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