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Post Retirement Benefits
6 Months Ended
Jun. 30, 2013
Compensation and Retirement Disclosure [Abstract]  
Post Retirement Benefits
Post Retirement Benefits
The components of expense for Core Molding Technologies’ post retirement benefit plans for the three and six months ended June 30, 2013 and 2012 are as follows:
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2013
 
2012
 
2013
 
2012
Pension expense:
 
 
 
 
 
 
 
Multi-employer plan contributions
$
110,000

 
$
117,000

 
$
215,000

 
$
229,000

Defined contribution plan contributions
116,000

 
127,000

 
285,000

 
301,000

Total pension expense
226,000

 
244,000

 
500,000

 
530,000

 
 
 
 
 
 
 
 
Health and life insurance:
 
 
 
 
 
 
 
Interest cost
83,000

 
91,000

 
166,000

 
182,000

Amortization of prior service costs
(124,000
)
 
(124,000
)
 
(248,000
)
 
(248,000
)
Amortization of net loss
51,000

 
40,000

 
101,000

 
79,000

Net periodic benefit cost
10,000

 
7,000

 
19,000

 
13,000

 
 
 
 
 
 
 
 
Total post retirement benefits expense
$
236,000

 
$
251,000

 
$
519,000

 
$
543,000


The Company made payments of $709,000 to pension plans and $277,000 for post retirement healthcare and life insurance during the six months ended June 30, 2013. For the remainder of 2013, the Company expects to make approximately $270,000 of pension plan payments. The Company also expects to make approximately $304,000 of post retirement healthcare and life insurance payments for the remainder of 2013, all of which were accrued at June 30, 2013.