Company: GHC
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000104889-25-000022
Chunk: 118

Company: Graham Holdings Co
Filing Date: 2025-02-26
Form: 10-K
Item: Item 16
Chunk 118
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 in measuring the postretirement benefit obligation at December 31, 2024, was 8.59% for pre-age 65, decreasing to 4.5% in the year 2034 and thereafter. The assumed healthcare cost trend rate used in measuring the postretirement benefit obligation at December 31, 2024, was 9.68% for post-age 65, decreasing to 4.5% in the year 2034 and thereafter. The assumed healthcare cost trend rate used in measuring the postretirement benefit obligation at December 31, 2024, was 12.25% for Medicare Advantage, decreasing to 4.5% in the year 2034 and thereafter.The Company’s postretirement benefit plans are unfunded, therefore, the Company made actual benefit payments of $0.1 million and $0.2 million to beneficiaries for the years ended December 31, 2024 and 2023, respectively.

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At December 31, 2024, future estimated benefit payments are as follows:(in thousands)Postretirement Plans2025$180 2026162 2027153 2028136 2029126 2030–2034757 The total benefit arising from the Company’s other postretirement plans consists of the following components:Postretirement PlansYear Ended December 31(in thousands)202420232022Interest cost$51 $149 $98 Amortization of prior service credit— (5)(7)Recognized actuarial gain(1,824)(2,343)(2,843)Net Periodic Benefit for the Year(1,773)(2,199)(2,752)Settlement— (1,087)— Total Benefit for the Year$(1,773)$(3,286)$(2,752)Other Changes in Benefit Obligations Recognized in Other Comprehensive IncomeCurrent year actuarial gain$(144)$(414)$(1,205)Amortization of prior service credit— 5 7 Recognized actuarial gain1,824 2,343 2,843 Settlement— 1,087 — Total Recognized in Other Comprehensive Income (Before Tax Effects)$1,680 $3,021 $1,645 Total Recognized in Benefit and Other Comprehensive Income (Before Tax Effects)$(93)$(265)$(1,107)The costs for the Company’s postretirement