PENSION AND POSTRETIREMENT BENEFITS - Reconciliation of Funded Status (Details 2) (USD $)
In Thousands, unless otherwise specified |
Dec. 31, 2013
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Dec. 31, 2012
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Pension Plan
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Reconciliation of funded status | ||
Benefit obligation | $ (24,315) | $ (24,651) |
Fair value of assets | 20,290 | 19,981 |
Funded status at end of period | (4,025) | |
Unrecognized prior service cost | ||
Unrecognized actuarial (gain) loss | (634) | |
Net accrued benefit cost | (4,659) | |
Postretirement Plan
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Reconciliation of funded status | ||
Benefit obligation | (6,206) | (6,015) |
Fair value of assets | ||
Funded status at end of period | (6,206) | |
Unrecognized prior service cost | ||
Unrecognized actuarial (gain) loss | 176 | |
Net accrued benefit cost | $ (6,030) |
X | ||||||||||
- Definition
The amount of actuarial gain (loss) that has not yet been recognized in net periodic benefit cost. No definition available.
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- Definition
The amount of the prior service cost or credit that has not yet been recognized in net periodic benefit cost relating to benefit changes attributable to plan participants' prior service pursuant to a plan amendment or a plan initiation. No definition available.
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- Definition
Net accrued benefit cost related to pension and other postretirement benefit plans. No definition available.
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- Definition
1) For defined benefit pension plans, the benefit obligation is the projected benefit obligation, which is the actuarial present value as of a date of all benefits attributed by the pension benefit formula to employee service rendered prior to that date. 2) For other postretirement defined benefit plans, the benefit obligation is the accumulated postretirement benefit obligation, which is the actuarial present value of benefits attributed to employee service rendered to a particular date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Assets, usually stocks, bonds, and other investments, that have been segregated and restricted (usually in a trust) to provide benefits, at their fair value as of the measurement date. Plan assets include amounts contributed by the employer (and by employees for a contributory plan) and amounts earned from investing the contributions, less benefits paid. If a plan has liabilities other than for benefits, those non-benefit obligations may be considered as reductions of plan assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The funded status is measured as the difference between the fair value of plan assets and the benefit obligation. Will normally be the same as the net Defined Benefit Plan, Amounts Recognized in Balance Sheet, Total. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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