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Employee Benefit Obligations (Tables)
12 Months Ended
Dec. 31, 2019
Retirement Benefits [Abstract]  
Schedule of Targeted Allocation for Funds The targeted allocation for these funds is as follows:
Asset Allocation by Category as of September 30, 2019:
Asset
allocation (%)
Asset Category:
Debt Securities36%  
Real Estate26%  
Equity Securities33%  
Others5%  
Total100%  
Schedule of Change in Benefit Obligations
The following table sets forth the Swiss Plan’s funded status and amounts recognized in the consolidated financial statements for the year ended December 31, 2019 and 2018:
December 31,
 20192018
Change in Benefit Obligation
Projected benefit obligation at beginning of year$12,249  $10,317  
Interest cost114  64  
Company service cost932  820  
Employee contributions599  486  
Prior service cost—  —  
Benefits paid(109) 475  
Actuarial loss1,900  87  
Projected benefit obligation at end of year$15,685  $12,249  
Change in Plan Assets
Fair value of plan assets at beginning of year$9,936  $8,243  
Actual return on plan assets1,031   
Employer contributions899  729  
Employee contributions599  486  
Benefits paid(109) 475  
Fair value of plan assets at end of year$12,356  $9,936  
Funded Status at End of year
Excess of obligation over assets$3,329  $2,313  
Change in Accrued Benefit Liability
Accrued benefit liability at beginning of year$(2,313) $(2,074) 
Company contributions made during year899  729  
Net periodic benefit cost for year(1,024) (874) 
Net decrease (increase) in accumulated other comprehensive loss(891) (94) 
Accrued benefit liability at end of year$(3,329) $(2,313) 

December 31,
 20192018
Non-current plan assets$12,357  $9,936  
Non-current liability15,686  12,249  
Accrued benefit liability at end of year$(3,329) $(2,313) 
Projected Benefit Payments
Projected year 1$270  $206  
Projected year 21,434  205  
Projected year 3255  1,158  
Projected year 4260  195  
Projected year 5571  200  
Projected years 6-102,109  2,859  
Schedule of Plan Assets Fair Value The fair value of the plan assets is the estimated cash surrender value of the insurance contract at December 31, 2019. The level of inputs used to measure fair value was Level 2.
Year ended
December 31,
 20192018
Net Periodic Benefit Cost  
Service cost$932  $820  
Interest cost (income)114  69  
Expected return on plan assets(97) (54) 
Amortization of transition obligation54  65  
Amortization of prior service costs(19) (18) 
Total net periodic benefit cost$984  $882  
Weighted average assumptions:
Discount rate as of December 310.20 %  0.90%  
Expected long-term rate of return on assets0.20 %  0.90%  
Rate of compensation increase1.00%  1.00%  
Mortality and disability assumptions   (*)
BVG 2015 GTBVG 2015 GT
(*) Mortality data used for actuarial calculation.