Company: GHC
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000104889-25-000022
Chunk: 113

Company: Graham Holdings Co
Filing Date: 2025-02-26
Form: 10-K
Item: Item 16
Chunk 113
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1)5.5%2.9%5.1%5.5%2.9%Expected return on plan assets6.25%6.25%6.25%———Rate of compensation increase – age graded5.0%–1.0%5.0%–1.0%5.0%–1.0%5.0%–1.0%5.0%–1.0%5.0%–1.0%Cash balance interest crediting rate6.37% with phase in to 5.20% in 2025 / 6.37% with phase in to 5.50% in 2026 (2)4.28% with phase in to 5.50% in 20251.41% with phase in to 2.90% in 2024———____________(1)As a result of the irrevocable group annuity contract purchase, the Company remeasured the accumulated and projected benefit obligation of the pension plan as of October 17, 2024. The remeasurement changed the discount rate from 5.2% for the period January 1 to October 17, 2024 to 5.3% for the period after October 17, 2024.(2)As a result of the irrevocable group annuity contract purchase, the Company remeasured the accumulated and projected benefit obligation of the pension plan as of October 17, 2024. The remeasurement changed the cash balance interest crediting rate from 6.37% with phase in to 5.20% in 2025 for the period January 1 to October 17, 2024 to 6.37% with phase in to 5.50% in 2026 for the period after October 17, 2024.Accumulated other comprehensive income (AOCI) includes the following components of unrecognized net periodic cost for the defined benefit plans:Pension PlansSERPAs of December 31As of December 31(in thousands)2024202320242023Unrecognized actuarial gain$(523,941)$(865,994)$(3,488)$(1,602)Unrecognized prior service credit(10,016)(11,233)— — Gross Amount(533,957)(877,227)(3,488)(1,602)Deferred tax liability (asset)148,226 236,