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Post Retirement Benefits
 3 Months Ended
Mar. 31, 2016
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 months ended March 31, 2016 and 2015 are as follows:
 
Three Months Ended
 
March 31,
 
2016
 
2015
Pension expense:
 
 
 
Multi-employer plan
$
187,000

 
$
211,000

Defined contribution plan
218,000

 
234,000

Total pension expense
405,000

 
445,000

 
 
 
 
Health and life insurance:
 
 
 
Interest cost
81,000

 
79,000

Amortization of prior service costs
(124,000
)
 
(124,000
)
Amortization of net loss
39,000

 
42,000

Net periodic benefit cost
(4,000
)
 
(3,000
)
 
 
 
 
Total post retirement benefits expense
$
401,000

 
$
442,000



The Company made payments of $249,000 to pension plans and $65,000 for post retirement healthcare and life insurance during the three months ended March 31, 2016. For the remainder of 2016, the Company expects to make approximately $1,249,000 of pension plan payments, of which $643,000 was accrued at March 31, 2016. The Company also expects to make approximately $1,023,000 of post retirement healthcare and life insurance payments for the remainder of 2016, all of which were accrued at March 31, 2016.