Post Retirement Benefits

9 Months Ended

Sep. 30, 2012

Compensation and Retirement Disclosure [Abstract]

Post Retirement Benefits

Post Retirement Benefits

The components of expense for Core Molding Technologies’ post retirement benefit plans for the three and nine months ended September 30, 2012 and 2011 are as follows:

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2012			2011			2012			2011
Pension expense:
Multi-employer plan contributions	$	125,000		$	103,000		$	344,000		$	307,000
Defined contribution plan contributions	115,000			121,000			426,000			412,000
Total pension expense	240,000			224,000			770,000			719,000
Health and life insurance:
Interest cost	91,000			133,000			273,000			398,000
Amortization of prior service costs	(124,000		)	(124,000		)	(372,000		)	(372,000		)
Amortization of net loss	40,000			55,000			119,000			164,000
Net periodic benefit cost	7,000			64,000			20,000			190,000
Total post retirement benefits expense	$	247,000		$	288,000		$	790,000		$	909,000

The Company made payments of $834,000 to pension plans and $632,000 for post retirement healthcare and life insurance during the nine months ended September 30, 2012. For the remainder of 2012 the Company expects to make approximately $187,000 of pension plan payments, of which $58,000 was accrued at September 30, 2012. The Company also expects to make approximately $369,000 of post retirement healthcare and life insurance payments for the remainder of 2012, all of which were accrued at September 30, 2012.