Post Retirement Benefits

6 Months Ended

Jun. 30, 2018

The components of expense for Core Molding Technologies’ post-retirement benefit plans for the three and six months ended June 30, 2018 and 2017 are as follows:



	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2018			2017			2018			2017
Pension expense:
Multi-employer plan	$	185,000		$	169,000		$	363,000		$	326,000
Defined contribution plan	286,000			188,000			545,000			395,000
Total pension expense	471,000			357,000			908,000			721,000

Health and life insurance:
Interest cost	69,000			74,000			138,000			149,000
Amortization of prior service costs	(124,000		)	(124,000		)	(248,000		)	(248,000		)
Amortization of net loss	43,000			38,000			86,000			75,000
Net periodic benefit cost	(12,000		)	(12,000		)	(24,000		)	(24,000		)

Total post retirement benefits expense	$	459,000		$	345,000		$	884,000		$	697,000

The Company made payments of $618,000 to pension plans and $181,000 for post-retirement healthcare and life insurance during the six months ended June 30, 2018. For the remainder of 2018, the Company expects to make approximately $1,193,000 of pension plan payments, of which $601,000 was accrued at June 30, 2018. The Company also expects to make approximately $915,000 of post-retirement healthcare and life insurance payments for the remainder of 2018, all of which were accrued at June 30, 2018.