Company: MSEX
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001174947-25-000251
Chunk: 683

Company: MIDDLESEX WATER CO
Filing Date: 2025-02-28
Form: 10-K
Item: Item 3
Chunk 683
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 $28,000  
    $32,909 
  
    Service Cost 
     1,270  
     1,551  
     320  
     391 
  
    Interest Cost 
     4,280  
     4,270  
     1,313  
     1,608 
  
    Actuarial (Gain) Loss 
     (5,478) 
     1,966  
     (486) 
     (5,968)
  
    Benefits Paid 
     (4,424) 
     (3,722) 
     (946) 
     (940)
  
    Ending Balance 
    $87,501  
    $91,853  
    $28,201  
    $28,000 

59 

    (In Thousands)

    Pension Plan 
    Other Benefits Plan

    Years Ended December 31,

    2024 
    2023 
    2024 
    2023
  
    Change in Fair Value of Plan Assets: 

    Beginning Balance 
    $92,346  
    $84,828  
    $48,352  
    $44,029 
  
    Actual Return on Plan Assets 
     7,976  
     10,840  
     4,675  
     4,323 
  
    Employer Contributions 
     2,750  
     400  
     946  
     940 
  
    Benefits Paid 
     (4,424) 
     (3,722) 
     (946) 
     (940)
  
    Ending Balance 
    $98,648  
    $92,346  
    $53,027  
    $48,352 

    Funded Status 
    $11,147  
    $494  
    $24,826  
    $20,352 

    (In Thousands)

    Pension Plan 
    Other Benefits Plan

    As of December 31,

    2024 
    2023 
    2024 
    2023
  
    Amounts Recognized in the Consolidated 

    Balance Sheets consist of: 

    Current Liability 
    $883  
    $933  
    $—  
    $— 
  
    Noncurrent Asset 
     (12,