Company: SQM
Filing Date: 2025-04-03
Form Type: 6-K
Source: 0000909037-25-000010
Chunk: 139

Company: CHEMICAL & MINING CO OF CHILE INC
Filing Date: 2025-04-03
Form: 6-K
Chunk 139
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 imposed in regard of amount of salary or years of service. It applies when employees cease to work for the Company because they are made redundant or in the event of their death. This benefit is applicable up to a maximum age of 65 for men and 60 for women, which are the usual retirement ages according to the Chilean pensions system as established in Decree Law 3,500 of 1980. Methodology The determination of the defined benefit obligation is made under the requirements of IAS 19 “Employee benefits”. 18.4 Post-employment benefit obligations Our subsidiary SQM NA, together with its employees established a pension plan until 2002 called the “SQM North America Retirement Income Plan”. This obligation is calculated measuring the expected future forecast staff severance indemnity obligation using a net salary gradual rate of restatements for inflation, mortality and turnover assumptions, discounting the resulting amounts at present value using the interest rate defined by the authorities. For workers under contract, since 2003, SQM NA offers benefits related to pension plans based on the 401-K system to its employees, which does not generate obligations for the Company. As of December 31, 2024 and 2023, the value of assets associated with the SQM NA pension plan amounts to ThUS$5,266 and ThUS$5,095, respectively. Reconciliation of changes in benefit obligations As of December 31, 2024 As of December 31, 2023 ThUS$ ThUS$ Benefit obligations at the start of the year 287 279 Interest cost 12 12 Actuarial loss 54 180 Benefits paid (81) (185) Total 272 286

Notes to the Consolidated Financial Statements December 31, 2024 115 Reconciliation of changes in plan assets As of December 31, 2024 As of December 31, 2023 ThUS$ ThUS$ Fair value of plan assets at the start of the year 5,383 4,983 Real return (loss) on plan assets 236 585 Benefits paid (81) (185) Fair value of plan assets at the end of the year 5,538 5,383 Net non-current assets 5,266 5,095 Items not yet recognized as components of net periodic pension costs: Net actuarial gain at the start of the year 249 59 Gains (49) 190 Adjustment to recognize the minimum pension obligation 200 249 Service cost