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Post Retirement Benefits
 6 Months Ended
Jun. 30, 2015
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, 2015 and 2014 are as follows:
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2015
 
2014
 
2015
 
2014
Pension expense:
 
 
 
 
 
 
 
Multi-employer plan
$
217,000

 
$
171,000

 
$
428,000

 
$
336,000

Defined contribution plan
173,000

 
148,000

 
407,000

 
361,000

Total pension expense
390,000

 
319,000

 
835,000

 
697,000

 
 
 
 
 
 
 
 
Health and life insurance:
 
 
 
 
 
 
 
Interest cost
79,000

 
69,000

 
158,000

 
138,000

Amortization of prior service costs
(124,000
)
 
(124,000
)
 
(248,000
)
 
(248,000
)
Amortization of net loss
42,000

 
12,000

 
84,000

 
24,000

Net periodic benefit cost
(3,000
)
 
(43,000
)
 
(6,000
)
 
(86,000
)
 
 
 
 
 
 
 
 
Total post retirement benefits expense
$
387,000

 
$
276,000

 
$
829,000

 
$
611,000



The Company made payments of $1,108,000 to pension plans and $244,000 for post retirement healthcare and life insurance during the six months ended June 30, 2015. For the remainder of 2015, the Company expects to make approximately $514,000 of pension plan payments, none of which was accrued at June 30, 2015. The Company also expects to make approximately $820,000 of post retirement healthcare and life insurance payments for the remainder of 2015, all of which were accrued at June 30, 2015.