PNC Financial Services Defined Benefit Plan, Ultimate Health Care Cost Trend Rate remained flat by 0.0% to $0.05 in Q4 2023 compared to the prior quarter. Over 3 years (FY 2020 to FY 2023), Defined Benefit Plan, Ultimate Health Care Cost Trend Rate shows a downward trend with a -3.5% CAGR. This is a positive signal — lower values indicate better performance for this metric.
A higher ultimate rate increases the long-term liability valuation, signaling potentially higher future cash outflows for employee benefits.
This represents the long-term, stable annual rate of increase in health care costs assumed for the period after the init...
Consistent with long-term medical inflation expectations used by peer utility companies with similar benefit structures.
other_defined_benefit_plan_ultimate_health_care_cost_tre_3a0bfb| Q4 '21 | Q4 '22 | Q4 '23 | |
|---|---|---|---|
| Value | 0 | 0 | 0 |
| QoQ Change | — | +0.0% | +0.0% |
| YoY Change | — | +0.0% | +0.0% |