PNC Financial Services Defined Benefit Plan, Health Care Cost Trend Rate Assumed, Next Fiscal Year remained flat by 0.0% to $0.06 in Q4 2023 compared to the prior quarter. Over 3 years (FY 2020 to FY 2023), Defined Benefit Plan, Health Care Cost Trend Rate Assumed, Next Fiscal Year shows relatively stable performance with a 0.0% CAGR. This is a positive signal — lower values indicate better performance for this metric.
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 '21 | Q4 '22 | Q4 '23 | |
|---|---|---|---|
| Value | 0.1 | 0.1 | 0.1 |
| QoQ Change | — | +0.0% | +0.0% |
| YoY Change | — | +0.0% | +0.0% |