Company: TNRSF
Filing Date: 2025-02-21
Form Type: 6-K
Source: 0001171843-25-000987
Chunk: 31

Company: TENARIS SA
Filing Date: 2025-02-21
Form: 6-K
Chunk 31
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 are recognized as employee benefit expenses when they are due. Prepaid contributions
are recognized as an asset to the extent that a cash refund or a reduction in the future payments is available.

Tenaris sponsors funded and unfunded defined benefit pension plans in certain
subsidiaries. The most significant are:

| § | An unfunded defined benefit employee retirement plan for certain senior officers. The plan is designed                                 
 to provide certain benefits to those officers (additional to those contemplated under applicable labor laws) in case of termination of 
 the employment relationship due to certain specified events, including retirement. This unfunded plan provides defined benefits based  
 on years of service and final average salary. As of December 31, 2024 the outstanding liability for this plan amounts to $59.4         
 million.                                                                                                                               |

| § | Employees’ service rescission indemnity. The cost of this obligation is charged to the Consolidated                                       
 Income Statement over the expected service lives of employees. This provision is primarily related to the liability accrued for employees 
 at Tenaris’s Italian subsidiary. As from January 1, 2007 as a consequence of a change in an Italian law, employees were entitled          
 to make contributions to external funds, thus, Tenaris’s Italian subsidiary pays every year the required contribution to the funds        
 with no further obligation. As a result, the plan changed from a defined benefit plan to a defined contribution plan effective from that  
 date, but only limited to the contributions of 2007 onwards. As of December 31, 2024 the outstanding liability for this plan amounts to   
 $10.1 million.                                                                                                                            |

| § | Funded retirement benefit plan held in the U.S. for the benefit of some employees hired prior a certain                                   
 date, frozen for the purposes of credited service as well as determination of final average pay for the retirement benefit calculation.   
 Plan assets consist primarily of investments in equities and money market funds. Additionally, an unfunded post-retirement health and     
 life plan is in place that offers limited medical and life insurance benefits to the retirees, frozen to new participants. As of December 
 31, 2024 the outstanding liability for these plans amounts to $3.0 million.                                                               |

| § | Funded retirement benefit plans held in Canada for salary and hourly employees hired prior to a certain                                    
 date based on years of service and, in the case of salaried employees, final average salary. Plan assets consist primarily of annuities    
 purchased from an insurance company for the