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10. Pension Benefits
6 Months Ended
Apr. 30, 2012
Notes  
10. Pension Benefits

10.  Pension Benefits

     Components of Net Periodic Pension Cost:

 

Three Months Ended

Six Months Ended

 

04/30/12

 

04/30/11

04/30/12

 

04/30/11

 

 

 

 

 

 

 

Service Cost

$12,276 

 

$14,000 

$24,552 

 

$28,000 

Interest Cost

96,235 

 

98,000 

192,470 

 

196,000 

Expected return on plan assets

(102,812)

 

(95,500)

(205,624)

 

(191,000)

 

 

 

 

 

 

 

Net amortization and deferral:

 

 

 

 

 

 

   Amortization of accumulated loss

83,568 

 

50,250 

167,136 

 

100,500 

   Net amortization and deferral

83,568 

 

50,250 

167,136 

 

100,500 

   Total net periodic pension cost

$89,267 

 

$66,750 

$178,534 

 

$133,500 

 

            The Companies expect to contribute $545,687 to their pension plan in Fiscal 2012.  As of April 30, 2012, the Companies made contributions totaling $300,829 and anticipate contributing an additional $244,858 to fund their pension plan in Fiscal 2012.