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EXCEL - IDEA: XBRL DOCUMENT - VERAMARK TECHNOLOGIES INCFinancial_Report.xls
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v2.4.0.6
Benefit Plans (Tables)
9 Months Ended
Sep. 30, 2012
Benefit Plans [Abstract]  
Periodic pension expense

Periodic pension expense for the three and nine months ended September 30, 2012 and 2011, consisted of the following:

 

                                 
    Three Months Ended     Nine Months Ended  
    September 30,     September 30,  
    2012     2011     2012     2011  

Interest Cost

    60,000       60,000       180,000       180,000  
   

 

 

   

 

 

   

 

 

   

 

 

 
Projected pension benefit payments

The projected pension benefits paid or expected to be paid under this plan are as follows, assuming retirement at age 65 and life expectancies based on IRS mortality tables:

Period Ending December 31, Unless Stated Otherwise,

 

         

Q4 2012

    139,665  

2013

    558,660  

2014

    490,660  

2015

    449,060  

2016

    454,340  

2017 - 2021

    2,547,478