Post Retirement Benefits

3 Months Ended

Mar. 31, 2019

The components of expense for Core Molding Technologies’ post-retirement benefit plans for the three months ended March 31, 2019 and 2018 are as follows:



	Three Months Ended
	March 31,
	2019			2018
Pension expense:
Multi-employer plan	$	231,000		$	178,000
Defined contribution plan	261,000			259,000
Total pension expense	492,000			437,000

Health and life insurance:
Interest cost	71,000			69,000
Amortization of prior service costs	(124,000		)	(124,000		)
Amortization of net loss	29,000			43,000
Net periodic benefit cost	(24,000		)	(12,000		)

Total post retirement benefits expense	$	468,000		$	425,000

The Company made payments of $342,000 to pension plans and $84,000 for post-retirement healthcare and life insurance during the three months ended March 31, 2019. For the remainder of 2019, the Company expects to make approximately $1,628,000 of pension plan payments, of which $710,000 was accrued at March 31, 2019. The Company also expects to make approximately $1,073,000 of post-retirement healthcare and life insurance payments for the remainder of 2019, all of which were accrued at March 31, 2019.