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EMPLOYEE BENEFIT PLANS (Tables)
 12 Months Ended
Dec. 31, 2012
EMPLOYEE BENEFIT PLANS [Abstract]  
Schedule of Benefit Obligations and Funded Status
Benefit Obligations and Funded Status
 
 
In thousands
 
Year Ended
 
 
 
December 31
 
 
 
2012
 
 
2011
 
Change in Accumulated Postretirement Benefit Obligation
 
 
 
 
Accumulated Postretirement Benefit Obligation at the Beginning of the Year
 
$
724
 
 
$
678
 
Service Cost
 
 
---
 
 
 
---
 
Interest Cost
 
 
30
 
 
 
35
 
Actuarial (Gain) or Loss
 
 
130
 
 
 
123
 
Benefits Paid
 
 
(125
)
 
 
(117
)
Plan Participant's Contributions
 
 
5
 
 
 
5
 
Accumulated Postretirement Benefit Obligation at the End of the Year
 
 
764
 
 
 
724
 
Change in Plan Assets
 
 
 
 
 
 
 
 
Fair Value of Plan Assets at the Beginning of the Year
 
 
---
 
 
 
---
 
Benefits Paid
 
 
(125
)
 
 
(117
)
Employer Contributions
 
 
120
 
 
 
112
 
Plan Participant's Contributions
 
 
5
 
 
 
5
 
Fair Value of Assets at the End of the Year
 
 
---
 
 
 
---
 
Net Amount Recognized
 
 
 
 
 
 
 
 
Funded Status
 
 
(764
)
 
 
(723
)
Unrecognized Transition Obligation Asset
 
 
9
 
 
 
17
 
Unrecognized Net Gain or Loss
 
 
258
 
 
 
139
 
Net Amount Recognized:
 
 
(497
)
 
 
(567
)
Amounts Recognized in the Statement of Financial Position
 
 
 
 
 
 
 
 
Accrued Benefit Liability-Current
 
 
(123
)
 
 
(112
)
Accrued Benefit Liability-Noncurrent
 
 
(374
)
 
 
(455
)
Net Amount Recognized
 
$
(497
)
 
$
(567
)
Weighted Average Assumptions at the End of the Year
 
 
 
 
 
 
 
 
Discount Rate
 
 
4.00
%
 
 
4.50
%
Assumed Health Care Cost Trend Rates
 
 
 
 
 
 
 
 
Health Care Cost Trend Rate Assumed for Next Year
 
 
6.00
%
 
 
7.00
%
Ultimate Rate
 
 
3.50
%
 
 
3.50
%
Year that the Ultimate Rate is Reached
 
 
2016
 
 
 
2016
 
Schedule of Impact of One-percentage-point Change in Assumed Health Care Cost Trend Rates
Impact of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates
 
 
 
Increase
 
 
Decrease
 
Effect on Service Cost & Interest Cost
 
$
1
 
 
$
(1
)
Effect on Postretirement Benefit Obligation
 
$
28
 
 
$
(26
)
Annual Benefits Expected to be Paid
Contributions
Artesian Water expects to contribute $123,300 to its postretirement benefit plan in 2013.
The following table represents the approximate annual benefits expected to be paid for the years ended December 31:

In thousands
 
Other Benefits
 
 
 
 
2013
 
$
123
 
2014
 
 
115
 
2015
 
 
105
 
2016
 
 
94
 
2017
 
 
83
 
2018 through 2022
 
 
271
 
 
 
$
791