Defined Benefit Plan, Health Care Cost Trend Rate Assumed, Next Fiscal Year
Duke Energy Defined Benefit Plan, Health Care Cost Trend Rate Assumed, Next Fiscal Year increased by 7.7% to 7.0% in Q4 2024 compared to the prior quarter. Over 2 years (FY 2022 to FY 2024), Defined Benefit Plan, Health Care Cost Trend Rate Assumed, Next Fiscal Year shows relatively stable performance with a 3.8% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase signals higher future pension and benefit liabilities, potentially impacting long-term cash flow requirements.
Detailed definition
This is the assumed annual rate of increase in the per capita cost of covered health care benefits for the upcoming fisc...
Peer comparison
Highly dependent on industry-wide medical inflation trends and specific plan design, making it comparable to other large utility peers with legacy pension plans.
other_defined_benefit_plan_health_care_cost_trend_rate_a_69570eHistorical Data
| Q4 '22 | Q4 '23 | Q4 '24 | |
|---|---|---|---|
| Value | 6.5% | 6.5% | 7% |
| QoQ Change | — | +0.0% | +7.7% |
| YoY Change | — | +0.0% | +7.7% |
Defined Benefit Plan, Health Care Cost Trend Rate Assumed, Next Fiscal Year at Other Companies
Frequently Asked Questions
- What is Duke Energy's defined benefit plan, health care cost trend rate assumed, next fiscal year?
- Duke Energy (DUK) reported defined benefit plan, health care cost trend rate assumed, next fiscal year of 7.0% in Q4 2024.
- What is the long-term trend for Duke Energy's defined benefit plan, health care cost trend rate assumed, next fiscal year?
- Over 2 years (2022 to 2024), Duke Energy's defined benefit plan, health care cost trend rate assumed, next fiscal year has grown at a 3.8% compound annual growth rate (CAGR), from 6.5% to 7.0%.
- What does defined benefit plan, health care cost trend rate assumed, next fiscal year mean?
- The expected percentage increase in health care costs for company retirees in the next year.