Duke Energy Defined Benefit Plan, Health Care Cost Trend Rate Assumed, Next Fiscal Year increased by 7.7% to $0.07 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.
An increase signals higher future pension and benefit liabilities, potentially impacting long-term cash flow requirements.
This is the assumed annual rate of increase in the per capita cost of covered health care benefits for the upcoming fisc...
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_69570e| Q4 '22 | Q4 '23 | Q4 '24 | |
|---|---|---|---|
| Value | 0.1 | 0.1 | 0.1 |
| QoQ Change | — | +0.0% | +7.7% |
| YoY Change | — | +0.0% | +7.7% |