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Post Retirement Benefits
 3 Months Ended
Mar. 31, 2017
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, 2017 and 2016 are as follows:
 
Three Months Ended
 
March 31,
 
2017
 
2016
Pension expense:
 
 
 
Multi-employer plan
$
157,000

 
$
187,000

Defined contribution plan
207,000

 
218,000

Total pension expense
364,000

 
405,000

 
 
 
 
Health and life insurance:
 
 
 
Interest cost
75,000

 
81,000

Amortization of prior service costs
(124,000
)
 
(124,000
)
Amortization of net loss
37,000

 
39,000

Net periodic benefit cost
(12,000
)
 
(4,000
)
 
 
 
 
Total post retirement benefits expense
$
352,000

 
$
401,000



The Company made payments of $216,000 to pension plans and $90,000 for post-retirement healthcare and life insurance during the three months ended March 31, 2017. For the remainder of 2017, the Company expects to make approximately $1,170,000 of pension plan payments, of which $629,000 was accrued at March 31, 2017. The Company also expects to make approximately $928,000 of post-retirement healthcare and life insurance payments for the remainder of 2017, all of which were accrued at March 31, 2017.