Post Retirement Benefits

6 Months Ended

Jun. 30, 2014

Compensation and Retirement Disclosure [Abstract]

The components of expense for Core Molding Technologies’ post retirement benefit plans for the three and six months ended June 30, 2014 and 2013 are as follows:



	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2014			2013			2014			2013
Pension expense:
Multi-employer plan contributions	$	171,000		$	110,000		$	336,000		$	215,000
Defined contribution plan contributions	148,000			116,000			361,000			285,000
Total pension expense	319,000			226,000			697,000			500,000

Health and life insurance:
Interest cost	69,000			83,000			138,000			166,000
Amortization of prior service costs	(124,000		)	(124,000		)	(248,000		)	(248,000		)
Amortization of net loss	12,000			51,000			24,000			101,000
Net periodic benefit cost	(43,000		)	10,000			(86,000		)	19,000

Total post retirement benefits expense	$	276,000		$	236,000		$	611,000		$	519,000

The Company made payments of $788,000 to pension plans and $352,000 for post retirement healthcare and life insurance during the six months ended June 30, 2014. For the remainder of 2014, the Company expects to make approximately $435,000 of pension plan payments. The Company also expects to make approximately $591,000 of post retirement healthcare and life insurance payments for the remainder of 2014, all of which were accrued at June 30, 2014.