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Note 10. Pension Benefits
3 Months Ended
Jan. 31, 2012
Notes  
Note 10. Pension Benefits

10.  Pension Benefits

           Components of Net Periodic Pension Cost:

 

Three Months Ended

 

01/31/12 

 

01/31/11 

 

 

 

 

Service Cost

$12,276 

 

$14,000 

Interest Cost

96,235 

 

98,000 

Expected return on plan assets

(102,812)

 

(95,500)

 

 

 

 

 

Net amortization and deferral:

 

 

 

 

   Amortization of accumulated loss

83,568 

 

50,250 

 

   Net amortization and deferral

83,568 

 

50,250 

 

   Total net periodic pension cost

$89,267 

 

$66,750 

 

           The Companies expect to contribute $545,687 to their pension plan in Fiscal 2012.  As of January 31, 2012, the Companies made contributions totaling $178,400 and anticipate contributing an additional $367,287 to fund their pension plan in Fiscal 2012.