8. Pension Benefits

9 Months Ended

Jul. 31, 2012

Notes

8. Pension Benefits

8.  Pension Benefits

Components of Net Periodic Pension Cost:

	Three months ended		Nine months ended
	07/31/12	07/31/11	07/31/12	07/31/11
Service Cost	$12,276	$14,000	$36,828	$42,000
Interest Cost	96,235	98,000	288,705	294,000
Expected Return on Plan Assets	(102,812)	(95,500)	(308,436)	(286,500)
Net amortization and deferral:
Amortization of Accumulated Loss	83,568	50,250	250,704	150,750
Net amortization and deferral	83,568	50,250	250,704	150,750
Total net periodic pension cost	$89,267	$66,750	$267,801	$200,250

            The Companies expect to contribute $564,358 to their pension plan in Fiscal 2012.  As of July 31, 2012, the Companies made contributions totaling $423,258 and anticipate contributing an additional $141,100 to fund their pension plan in Fiscal 2012. The Companies are currently exploring the impact of recent legislation (Moving Ahead for Progress in the 21^st Century Act “MAP-21”) and are intending to utilize the funding relief in the current and future plan years.