Post Retirement Benefits

9 Months Ended

Sep. 30, 2018

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



	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2018			2017			2018			2017
Pension expense:
Multi-employer plan	$	186,000		$	153,000		$	549,000		$	479,000
Defined contribution plan	182,000			162,000			698,000			557,000
Total pension expense	368,000			315,000			1,247,000			1,036,000

Health and life insurance:
Interest cost	69,000			75,000			207,000			224,000
Amortization of prior service costs	(124,000		)	(124,000		)	(372,000		)	(372,000		)
Amortization of net loss	43,000			37,000			129,000			112,000
Net periodic benefit cost	(12,000		)	(12,000		)	(36,000		)	(36,000		)

Total post retirement benefits expense	$	356,000		$	303,000		$	1,211,000		$	1,000,000

The Company made payments of $1,392,000 to pension plans and $238,000 for post-retirement healthcare and life insurance during the nine months ended September 30, 2018. For the remainder of 2018, the Company expects to make approximately $300,000 of pension plan payments, of which $92,000 was accrued at September 30, 2018. The Company also expects to make approximately $858,000 of post-retirement healthcare and life insurance payments for the remainder of 2018, all of which were accrued at September 30, 2018.