Components of Net Periodic Benefit Cost |
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| Components of Net Periodic Benefit Cost | 8. Components of Net Periodic Benefit Cost
Employer Contributions First Financial Corporation previously disclosed in its financial statements for the year ended December 31, 2025 that it expected to contribute $1.6 million and $556 thousand respectively to its Pension Plan and ESOP and $244 thousand to the Post Retirement Health Benefits Plan in 2026. Contributions of $327 thousand have been made to the Pension Plan thus far in 2026. Contributions of $82 thousand have been made through the first three months of 2026 for the Post Retirement Health Benefits plan. No contributions have been made in 2026 for the ESOP. The Pension plan was frozen for most employees at the end of 2012 and for those employees there will be discretionary contributions to the ESOP plan and a 401K plan in place of the former Pension benefit. In the first three months of 2026 and 2025 there has been $1.1 million and $847 thousand of expense recorded for potential contributions to these alternative retirement benefit options. |
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