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RETIREMENT BENEFIT OBLIGATIONS (Tables)

3 Months Ended

Mar. 31, 2019

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:

Used to Determine Plan Costs		2019				2018
Discount Rate			4.25	%			3.60	%
Rate of Compensation Increase			3.00	%			3.00	%
Expected Long-term rate of return on plan assets			7.75	%			7.75	%
Health Care Cost Trend Rate Assumed for Next Year			7.00	%			7.50	%
Ultimate Health Care Cost Trend Rate			4.50	%			4.50	%
Year that Ultimate Health Care Cost Trend Rate is reached			2024				2024

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,		2019				2018				2019				2018				2019				2018
Service Cost		$	776			$	848			$	576			$	733			$	60			$	122
Interest Cost			1,621				1,469				856				851				139				101
Expected Return on Plan Assets			(2,119	)			(1,946	)			(411	)			(409	)			—				—
Prior Service Cost Amortization			80				81				303				327				3				47
Actuarial Loss Amortization			1,081				1,447				57				346				158				122
Sub-total			1,439				1,899				1,381				1,848				360				392
Amounts Capitalized and Deferred			(412	)			(720	)			(474	)			(742	)			(103	)			(113	)
Net Periodic Benefit Cost Recognized		$	1,027			$	1,179			$	907			$	1,106			$	257			$	279

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- 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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (k)
-URI http://asc.fasb.org/extlink&oid=108410482&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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=108410482&loc=d3e1928-114920

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