Company: MSEX
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001174947-25-000251
Chunk: 1135

Company: MIDDLESEX WATER CO
Filing Date: 2025-02-28
Form: 10-K
Item: Item 7
Chunk 1135
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 4,323 
  
    Employer Contributions 
     2,750  
     400  
     946  
     940 
  
    Benefits Paid 
     (4,424) 
     (3,722) 
     (946) 
     (940)
  
    Ending Balance 
    $98,648  
    $92,346  
    $53,027  
    $48,352 

    Funded Status 
    $11,147  
    $494  
    $24,826  
    $20,352 

    (In Thousands)

    Pension Plan 
    Other Benefits Plan

    As of December 31,

    2024 
    2023 
    2024 
    2023
  
    Amounts Recognized in the Consolidated 

    Balance Sheets consist of: 

    Current Liability 
    $883  
    $933  
    $—  
    $— 
  
    Noncurrent Asset 
     (12,030) 
     (1,427) 
     (24,826) 
     (20,352)
  
    Net Asset Recognized 
    $(11,147) 
    $(494) 
    $(24,826) 
    $(20,352)

    (InThousands)

    Pension Plan 
    Other Benefits Plan

    Years Ended December 31,

    2024 
    2023 
    2022 
    2024 
    2023 
    2022
  
    Components of Net Periodic Benefit Cost 

    Service Cost 
    $1,270  
    $1,551  
    $2,362  
    $320  
    $391  
    $799 
  
    Interest Cost 
     4,280  
     4,270  
     3,042  
     1,313  
     1,608  
     1,325 
  
    Expected Return on Plan Assets 
     (6,322) 
     (5,865) 
     (7,041) 
     (3,384) 
     (3,082) 
     (3,547)
  
    Amortization of Net Actuarial Loss (Gain) 
     153  
     658  
     1,674