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Post Retirement Benefits
 6 Months Ended
Jun. 30, 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 and six months ended June 30, 2016 and 2015 are as follows:
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2016
 
2015
 
2016
 
2015
Pension expense:
 
 
 
 
 
 
 
Multi-employer plan
$
183,000

 
$
217,000

 
$
370,000

 
$
428,000

Defined contribution plan
195,000

 
173,000

 
413,000

 
407,000

Total pension expense
378,000

 
390,000

 
783,000

 
835,000

 
 
 
 
 
 
 
 
Health and life insurance:
 
 
 
 
 
 
 
Interest cost
81,000

 
79,000

 
162,000

 
158,000

Amortization of prior service costs
(124,000
)
 
(124,000
)
 
(248,000
)
 
(248,000
)
Amortization of net loss
39,000

 
42,000

 
78,000

 
84,000

Net periodic benefit cost
(4,000
)
 
(3,000
)
 
(8,000
)
 
(6,000
)
 
 
 
 
 
 
 
 
Total post retirement benefits expense
$
374,000

 
$
387,000

 
$
775,000

 
$
829,000



The Company made payments of $1,061,000 to pension plans and $138,000 for post retirement healthcare and life insurance during the six months ended June 30, 2016. For the remainder of 2016, the Company expects to make approximately $465,000 of pension plan payments, of which $66,000 was accrued at June 30, 2016. The Company also expects to make approximately $269,000 of post retirement healthcare and life insurance payments for the remainder of 2016, all of which were accrued at June 30, 2016.