PNC FINANCIAL SERVICES GROUP INC
For the period ended Dec 31, 2024. Filed Feb 21, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 21, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Estimated Cash Flows
The following table provides information regarding our estimated future cash flows related to our various plans.
Table 104: Estimated Cash Flows
| Pension Plans · Postretirement Benefits | |||||
|---|---|---|---|---|---|
| In millions · Qualified Pension · Nonqualified Pension | |||||
| Estimated 2025 employer contributions | $24 | $22 | |||
| Estimated future benefit payments | |||||
| 2025 | $335 | $24 | $22 | ||
| 2026 | $345 | $24 | $22 | ||
| 2027 | $347 | $24 | $22 | ||
| 2028 | $350 | $23 | $21 | ||
| 2029 | $347 | $22 | $21 | ||
| 2030-2034 | $1,709 | $89 | $100 | ||
The qualified pension plan contributions are deposited into the Trust, and the qualified pension plan benefit payments are paid from the Trust. We do not expect to be required to make a contribution to the qualified plan for 2025 based on the funding calculations under the Pension Protection Act of 2006. For the other plans, total contributions and the benefit payments are the same and represent expected benefit amounts, which are paid from the Company’s general assets. Postretirement benefits are net of participant contributions. Estimated cash flows reflect the partial funding of future postretirement medical and life insurance obligations in the VEBA.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.