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PENSION LIABILITIES, NET (Tables)
12 Months Ended
Dec. 31, 2020
Liability, Defined Benefit Plan [Abstract]  
Schedule of Changes In Projected Benefit Obligations

The following tables provide a reconciliation of the changes in the plans' benefits obligation for the year ended December 31, 2019, and the statement of funds status as of December 31, 2020:

December 31,

2019

2020

 

Change in projected benefit obligation

Projected benefit obligation at beginning of year

$

2,177

$

2,368

Service cost

12

-

Interest cost

47

53

Expenses paid

(203

)

(201

)

Exchange rates differences

(26

)

49

Actuarial loss

361

241

 

Projected benefit obligation at end of year

$

2,368

$

2,510

Schedule of Assumptions Used

The assumptions used in the measurement of the Company' benefits obligations as of December 31, 2019 and 2020 are as follows:

December 31,

2019

2020

Weighted-average assumptions

Discount rate

2.30

%

1.70

%

Rate of compensation increase

2.25

%

2.25

%

Schedule of Net Benefit Costs

The following table provides the components of net periodic benefits cost for the years ended December 31, 2018, 2019 and 2020:

December 31,

2018

2019

2020

Components of net periodic benefit cost

Service cost

$

16

$

12

$

-

Interest cost

47

47

53

 

Net periodic benefit cost

$

63

$

59

$

53

Schedule of Expected Benefit Payments

Benefit payments are expected to be paid as follows:

December 31,

 

2020

 

 

 

 

 

2021

$

191

 

2022

164

 

2023

156

 

2024

149

 

2025 and thereafter

1,850

 

 

 

$

2,510