Company: STAA
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000950170-25-024813
Chunk: 127

Company: STAAR SURGICAL CO
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1B
Chunk 127
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4 uncertain tax positions. The Company expects a reduction of these uncertain tax positions within the next twelve months. There were no uncertain tax positions in 2023 or 2022.

F-27

STAAR SURGICAL COMPANY AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) 

Note 10 – Employee Benefit Plans Defined Benefit Plan – SwitzerlandThe Company maintains a passive pension plan (the “Swiss Plan”) covering employees of STAAR AG, which is accounted for as a defined benefit plan.In Switzerland employers are required to provide a minimum pension plan for their staff.  Contributions of both the employees and employer finance the Swiss Plan. The amount of the contributions is defined by the plan regulations and cannot be decreased without amending the plan regulations. It is required that the employer contribute an amount equal to or greater than the employee contribution.The following table shows the changes in the benefit obligation and plan assets and the Swiss Plan’s funded status (in thousands): 

        2024

        2023

        Change in Projected Benefit Obligation:

        Projected benefit obligation, beginning of period
         
        $
        21,965

        $
        21,463

        Service cost

        1,233

        916

        Interest cost

        340

        413

        Participant contributions

        979

        863

        Benefits deposited (paid)

        (851
        )

        (7,101
        )

        Actuarial (gain) loss

        692

        5,411

        Prior service credit

        (313
        )

        —

        Projected benefit obligation, end of period
         
        $
        24,045

        $
        21,965

        Change in Plan Assets:

        Plan assets at fair value, beginning of period
         
        $
        17,381

        $
        20,709

        Actual return on plan assets (including foreign currency impact)

        (942
        )

        1,922

        Employer contributions

        1,123

        988

        Participant contributions

        979

        863

        Benefits deposited (paid)

        (851
        )

        (7,101
        )

        Plan assets at fair value, end of period
         
        $
        17,690

        $
        17,381

        Funded status (pension