M&T BANK CORP | 2013 | FY | 3


Net periodic pension expense for defined benefit plans consisted of the following:

 

     Year Ended December 31  
     2013     2012     2011  
     (In thousands)  

Service cost

   $ 24,360      $ 29,549      $ 28,828   

Interest cost on benefit obligation

     60,130        62,037        58,545   

Expected return on plan assets

     (87,353 )      (70,511 )      (60,700 ) 

Amortization of prior service credit

     (6,556 )      (6,559 )      (6,559 ) 

Recognized net actuarial loss

     41,076        37,386        20,530   
  

 

 

   

 

 

   

 

 

 

Net periodic pension expense

   $ 31,657      $ 51,902      $ 40,644   
  

 

 

   

 

 

   

 

 

 

 

Net other postretirement benefits expense for defined benefit plans consisted of the following:

 

     Year Ended December 31  
     2013     2012      2011  
     (In thousands)  

Service cost

   $ 742      $ 668       $ 535   

Interest cost on benefit obligation

     2,691        3,737         3,761   

Amortization of prior service cost (credit)

     (1,359 )      21         107   

Recognized net actuarial loss

     360        530         36   
  

 

 

   

 

 

    

 

 

 

Net other postretirement benefits expense

   $ 2,434      $ 4,956       $ 4,439   
  

 

 

   

 

 

    

 

 

 

us-gaap:ScheduleOfDefinedBenefitPlansDisclosuresTextBlock