13.	CONTRACTUAL PENSION AND POSTRETIREMENT BENEFITS

The following table sets forth the components of net periodic benefit costs for contractual pension benefits prior to the adoption of the liquidation basis of accounting:

	Three Months Ended			Six Months Ended
	June 30,			June 30,
	2010			2010
Service cost	$	-		$	-
Interest cost		7,532			15,064
Amortization of prior service cost		-			-
Recognized actuarial (gain) loss		(11,831	)		(23,662	)

Net periodic benefit cost	$	(4,299	)	$	(8,598	)

The following table sets forth the components of net periodic benefit costs for contractual postretirement benefits prior to the adoption of the liquidation basis of accounting:

	Three Months Ended			Six Months Ended
	June 30,			June 30,
	2010			2010
Service cost	$	445		$	889
Interest cost		5,470			10,941
Amortization of prior service cost		925			1,851
Recognized actuarial (gain) loss		(9,534	)		(19,067	)

Net periodic benefit cost	$	(2,694	)	$	(5,386	)

During the six months ended June 30, 2010, the Company made contributions of $8,033 for postretirement benefits.

As a result of employee contractual amendments in 2010, and the adoption of the Plan of Liquidation in 2011, three officers of the Company will no longer receive benefits from the contractual pension and postretirement benefits plans. As a result of the adoption of the liquidation basis of accounting, benefits payable under the postretirement benefit plan were $84,681 at March 31, 2011 and $75,000 at June 30, 2011.