Company: LAZ
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001628280-25-007441
Chunk: 225

Company: Lazard, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 225
---
,218 12,782 Net amount recognized$205,657 $205,975 For the years ended December 31, 2024 and 2023, the change in the benefit obligation related to the actuarial (gain) loss is principally attributable to changes in the discount rates.The following table summarizes the fair value of plan assets, the accumulated benefit obligation and the projected benefit obligation at December 31, 2024 and 2023:U.S. Pension PlansAs Of December 31,Non-U.S. Pension PlansAs Of December 31,TotalAs Of December 31,202420232024202320242023Fair value of plan assets$12,750 $15,511 $426,176 $480,940 $438,926 $496,451 Accumulated benefit obligation$16,606 $19,999 $425,819 $470,702 $442,425 $490,701 Projected benefit obligation$16,606 $19,999 $425,819 $470,702 $442,425 $490,701 

113

LAZARD, INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(dollars in thousands, except for per share data, unless otherwise noted)

The following table summarizes the components of net periodic benefit cost (credit), the return on the Company’s post-retirement plan assets, benefits paid, contributions and other amounts recognized in AOCI for the years ended December 31, 2024, 2023 and 2022:Pension Plans For The Year EndedDecember 31, 202420232022Components of Net Periodic Benefit Cost (Credit):Service cost$658 $338 $543 Interest cost21,042 20,930 11,130 Expected return on plan assets(26,403)(23,942)(24,482)Amortization of:   Prior service cost536 107 106 Net actuarial loss7,969 6,647 5,040 Net periodic benefit cost (credit)$3,802 $4,080 $(7,663)Actual return on plan assets$(23,539)$22,461 $(215,237)Employer contributions$2,517 $5,673 $4,206 Benefits paid$27,872 $25,542 $29,357 Other changes in plan assets