Company: WBS-PG
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000801337-25-000004
Chunk: 114

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 114
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4,781 2,224 12 6 26 (976)(2,704)(40)Other (1)——— ——— 3,212 — — Net periodic benefit (income) cost (2)$(1,190)$1,785 $(6,886)$190 $197 $133 $3,209 $(1,635)$646 (1)Reflects the loss recognized upon cessation of the Split Dollar Life Insurance Arrangement in 2024.(2)Net periodic benefit (income) cost is included in Other expense on the accompanying Consolidated Statements of Income.

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The following table summarizes the weighted-average assumptions used to determine net periodic benefit (income) cost for the years ended December 31:  Discount Rate  202420232022Pension:Webster Bank Pension Plan4.76 %4.96 %2.65 %SERP:Webster Bank Supplemental Defined Benefit Plan for Executive Officers4.68 %4.88 %2.45 %Astoria Bank Excess Benefit and Supplemental Benefit Plans4.56 4.77 2.58 Astoria Bank Directors’ Retirement Plan4.50 4.70 2.23 Retirement Plan of the Greater New York Savings Bank for Non-Employee Directors4.50 4.70 2.37 Supplemental Executive Retirement Plan of Provident Bank4.83 5.04 2.76 Supplemental Executive Retirement Plan of Provident Bank - Other4.71 4.90 2.38 OPEB:Webster Bank Postretirement Medical Benefit Plan4.54 %4.72 %1.99 %Sterling Bancorp Supplemental Postretirement Life Insurance Plan4.51 4.70 2.35 Astoria Bank Postretirement Welfare Benefit Plans4.74 4.94 2.93 Split Dollar Life Insurance Arrangement4.45 4.63 2.20 Expected Long-Term Rate of Return on Plan Assets202420232022Pension:Webster Bank Pension Plan6.00 %6.00 %5.50 %Assumed Health Care Cost Trend Rate (1)202420232022OPEB:Webster Bank Postretirement Medical Benefit Plan6.50 %6.50 %6.25 %Astoria Bank Postretirement