|
PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Details 2) (USD $)
In Thousands, unless otherwise specified
|
12 Months Ended |
|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
|
Pension Benefits
|
|
|
|
| Components of net pension cost |
|
|
|
| Interest cost |
$ 3,571 |
$ 3,700 |
$ 3,816 |
| Expected return on assets |
(6,100) |
(4,287) |
(4,195) |
| Recognized net actuarial loss |
2,142 |
1,893 |
945 |
| Net periodic pension (benefit) cost |
(387) |
1,306 |
566 |
| Amounts that will be amortized from accumulated other comprehensive income (loss) in next fiscal year |
|
|
|
| Estimated net loss |
1,400 |
|
|
| Estimated future benefit payments for all pension and postretirement plans |
|
|
|
| 2014 |
4,036 |
|
|
| 2015 |
4,194 |
|
|
| 2016 |
4,162 |
|
|
| 2017 |
4,404 |
|
|
| 2018 |
4,485 |
|
|
| 2019-2023 |
24,737 |
|
|
|
Pension Benefits | Consolidated plans
|
|
|
|
| Significant assumptions used to calculate the net periodic pension cost and obligation |
|
|
|
| Discount rate for periodic pension cost (as a percent) |
3.95% |
4.55% |
5.55% |
| Discount rate for benefit obligation (as a percent) |
4.80% |
3.95% |
4.55% |
| Expected long-term rate of return on plan assets (as a percent) |
7.45% |
8.00% |
8.00% |
|
Other Postretirement Benefits
|
|
|
|
| Components of net pension cost |
|
|
|
| Service cost |
211 |
250 |
204 |
| Interest cost |
907 |
1,054 |
1,301 |
| Amortization of transition obligation |
164 |
164 |
164 |
| Amortization of prior service cost |
(527) |
(452) |
146 |
| Recognized net actuarial loss |
472 |
390 |
173 |
| Net periodic pension (benefit) cost |
1,227 |
1,406 |
1,988 |
| Initial health care costs trend rate for participants under the age of 65 (as a percent) |
|
6.00% |
6.00% |
| Initial health care costs trend rate for participants over the age of 65 (as a percent) |
7.50% |
6.00% |
7.00% |
| Projected ultimate health care costs trend rate in 2018 (as a percent) |
5.00% |
|
|
| Effect of one-percentage point change in assumed health-care cost trend rates |
|
|
|
| Effect of one-percentage point increase on accumulated postretirement benefit obligation |
604 |
|
|
| Effect of one-percentage point decrease on accumulated postretirement benefit obligation |
(705) |
|
|
| Effect of one-percentage point increase on service and interest cost |
25 |
|
|
| Effect of one-percentage point decrease on service and interest cost |
(25) |
|
|
| Amounts that will be amortized from accumulated other comprehensive income (loss) in next fiscal year |
|
|
|
| Estimated transition |
164 |
|
|
| Estimated net loss |
167 |
|
|
| Prior service cost |
(527) |
|
|
| Estimated future benefit payments for all pension and postretirement plans |
|
|
|
| 2014 |
1,514 |
|
|
| 2015 |
1,495 |
|
|
| 2016 |
1,476 |
|
|
| 2017 |
1,503 |
|
|
| 2018 |
1,469 |
|
|
| 2019-2023 |
$ 6,859 |
|
|
|
Other Postretirement Benefits | Beneficial Bank Plans
|
|
|
|
| Significant assumptions used to calculate the net periodic pension cost and obligation |
|
|
|
| Discount rate for periodic pension cost (as a percent) |
3.85% |
4.50% |
5.55% |
| Discount rate for benefit obligation (as a percent) |
4.80% |
3.85% |
4.50% |
|
Other Postretirement Benefits | FMS plans
|
|
|
|
| Significant assumptions used to calculate the net periodic pension cost and obligation |
|
|
|
| Discount rate for periodic pension cost (as a percent) |
3.85% |
4.50% |
5.55% |
| Discount rate for benefit obligation (as a percent) |
4.80% |
3.85% |
4.50% |
| Components of net pension cost |
|
|
|
| Initial health care costs trend rate for participants over the age of 65 (as a percent) |
7.50% |
|
8.50% |
| Projected ultimate health care costs trend rate in 2018 (as a percent) |
5.00% |
|
|