2019 Full-Time Benefits and Programs — Overview

Medical & Prescription Drug

Select Health Choice 1 or Health Choice 2. Both options offer the same features:

  • A Health Savings Account (HSA) (if eligible), which lets you set aside pretax money to pay for current and future eligible health care expenses.
  • Use any doctor you choose. You’ll save money with in-network providers.
  • In-network preventive care (according to federal guidelines) is paid at 100% up to the allowable amount and not subject to the deductible.
  • Annual deductible: All non-preventive covered expenses — medical and prescription drug — go toward meeting the deductible.
  • Out-of-pocket maximum (OOP maximum): Protects you from unexpected high health care costs in any given year.
  • Prescription drug coverage through CVS Caremark: Certain covered preventive care drugs are covered at 80% or 100% and not subject to the deductible.


Telemedicine service that gives you and your covered family members convenient, affordable access to a board-certified doctor by phone or online. Phone consultations are available 24/7. Video consultations are available from 7 a.m. to 9 p.m. ET every day. Note: Limitations apply in some states. You save time and money: regular medical visits are $40, dermatology visits are $75 and behavioral health support is $80 to $160, depending on the service. All fees can be paid from your HSA and are subject to your medical plan deductible, coinsurance and out-of-pocket maximum. That means you’ll pay the full cost of these services until you’ve met your deductible, then only 20% of the regular fee after that until you meet the out-of-pocket maximum.

If eligible, you can even earn $100 in wellness credits when you register for Teladoc or complete a consultation. See the Wellness Incentive Program Checklist for details.

Dependent Care Reimbursement Account (DCRA)

  • Contribute up to $5,000 pretax to use for eligible child, adult or elder care expenses so you (and your spouse/domestic partner, if applicable) can work. Note: Although the maximum contribution is $5,000, you may be limited to a lower contribution if you are considered highly compensated in 2019, per IRS rules.
  • Deposits are made on a per-pay-period basis throughout the year, and you have access to the funds as they are deposited into your account.
  • The deadline to incur eligible expenses is Dec. 31, 2019, or you’ll forfeit unused funds. You will have until March 31 of the following year to submit claims.


Options include:

  • Preventive Preferred Dental Organization (PPDO) with an annual benefit maximum of $750 per person
  • Preferred Dental Organization (PDO) with an annual benefit maximum of $1,500 per person
  • Dental Maintenance Organization (DMO), where available, which requires that you select and use a primary-care dentist in order to receive benefits. There is no annual benefit maximum in this plan.

The PDO and DMO plans include orthodontic services for children. The PDO includes orthodontia for adults as well. The PPDO plan does not cover orthodontia for children or adults.


Coverage for exams, frames, and lenses or contacts with both in- and out-of-network coverage levels.

Life Insurance: Basic and Optional

  • You receive a company-provided Basic Life Insurance benefit of 1x eligible compensation up to $1.5 million.
  • You may enroll for Optional Life Insurance of 1x to 7x eligible compensation.* If you wish to increase coverage any time after your first enrollment opportunity, you will need to provide Evidence of Insurability.

*The combined maximum for Basic and Optional Life is $4 million.

Spouse/Domestic Partner Life Insurance

  • Coverage options of $10,000, $25,000, $50,000, $75,000 or $100,000. Evidence of Insurability is required for coverage of $50,000 or greater.
  • You can increase coverage by only one level during annual enrollment.

Child Life Insurance

You may elect coverage of $10,000, which applies to each of your covered eligible children.

Maternity Leave

Maternity Leave is covered under PNC’s Short-Term Disability (STD) program. Birth mothers who have at least one year of full-time or Reduced Schedule Professional (RSP) continuous service as of the date of leave are eligible for 10 work-weeks of Maternity Leave, payable at 100% of eligible compensation, starting with the first day off work (no elimination period is required). Birth mothers who are not eligible for 10 weeks of Maternity Leave may be eligible for six weeks of Standard STD as described in the Standard STD section below.

Maternity Leave and/or STD is in addition to Parental Leave for eligible new parents as described below. Please refer to Time Away from Work for eligibility and other details.

Parental Leave (for births or adoptions)

Eligible new parents of any gender are provided with six work-weeks’ time off, paid at 100% of regular salary, to bond with a new baby or child. Employees must meet eligibility requirements, including one full year of continuous service as of the date of a birth or in conjunction with an adoption. Time must be taken within one year after a birth or in conjunction with an adoption, and it must be taken in whole work-week increments. Parental Leave is in addition to Maternity Leave and/or STD available to birth mothers.

Standard Short-Term Disability (STD)

Full-Time employees have company-provided STD coverage as follows:

  • If you have at least 90 days but less than one year of full-time continuous service and have satisfied the seven-day elimination period, you are eligible for 60% of eligible compensation for up to six work-weeks of disability.
  • If you have at least one year of full-time continuous service and have satisfied the seven-day elimination period, you are eligible for up to six work-weeks at 100% of eligible compensation, then up to an additional six work-weeks at 60% of eligible compensation.

Long-Term Disability (LTD)

Full-Time employees have LTD coverage as follows:

  • Company-provided LTD coverage of 60% of eligible compensation starts after completing 90 days of full-time continuous service. Benefits are payable after you have been totally disabled for 91 calendar days and approved by the administrator.
  • You can elect to buy an additional 10% of coverage by choosing the 70% LTD option during annual enrollment.
  • The monthly benefit maximum is $10,000.

Personal Accident Insurance

This coverage pays a benefit in the event of accidental death or dismemberment.

  • You may elect coverage from $10,000 to $500,000 (up to 10x your annual salary, on coverage options of $300,000 or greater).
  • You also may elect family coverage, which pays a percentage of your employee coverage benefit.
  • When you elect this coverage, it includes a benefit of $10,000 for a covered loss sustained by you as the result of a criminal act of violence that occurs while you are working.

Incentive Savings Plan (ISP) 401(k)

Full-time employees are eligible to participate immediately. You’ll be automatically enrolled at a pretax contribution rate of 4% in the BlackRock LifePath® Target Date Fund that most closely aligns with the year you'll reach age 65, unless you make different contribution/investment choices or decline the enrollment within 30 days of your hire date.

  • You may contribute from 1% to 75% of your eligible pay on a pretax basis and/or through Roth after-tax contributions up to the IRS maximums.
  • Starting with the first of the month following six months of service, PNC will match your pretax and/or Roth after-tax contributions dollar for dollar up to 4% of your eligible pay (combined). You are vested in the company match after three years of service.
  • There is a minimum company match of $2,000 if you contribute at least 4% every pay period throughout the year and remain employed by PNC on the last business day of that year. (The minimum match is prorated for hourly employees and those who are eligible for less than a full year.)
  • You choose from a variety of investment options to suit your personal savings and retirement goals.

Pension Plan

Full-Time employees are eligible the first of the month following six months of service. The plan provides a retirement benefit that is company-funded. Your benefit accrues with earnings credits in an amount equal to a percentage of your eligible pay each quarter, along with interest credits earned on your account balance each quarter. The benefit vests after three years of service.

  • If you were covered by the PNC Pension Plan — including active participation in the National City portion — as of Dec. 31, 2009, you will be maintained at the earnings credit level you had attained on that date (from 3% to 8%, which was based on your age and years of service). Your earnings credit level will not increase in the future.
  • If you first became a participant in the plan on or after Jan. 1, 2010, you will receive a fixed 3% earnings credit after becoming eligible for the plan.
  • Effective Jan. 1, 2018, eligible employees receive a minimum $2,000 credit annually.


Full-time employees accrue vacation time based on a schedule.

Vacation Buy

All full-time and Reduced Schedule Professional (RSP) employees – regardless of career level -- can purchase up to five additional vacation days, as long as they will have completed two years of continuous service by the start of the calendar year for which they’re enrolling.


The corporate holiday schedule has 10 paid days per year. Floating holidays may be available if a holiday falls on a weekend.

Paid Occasional Absence Days (POA)/ Personal Day

These days can be used for personal illness, care of immediate family members or personal business that cannot be scheduled during non-working hours. Full-time employees are eligible for six POA days per year and one personal day after 90 days of continuous service. POAs are prorated during the year that you are hired, rehired or change employment status to full time.

Educational Assistance

This program provides eligible full-time employees with reimbursement of up to $5,250 per year for eligible costs related to eligible undergraduate or graduate classes, degree programs, or certain certification programs.

Visit the Educational Assistance policy on Pathfinder to learn more.

Living Well

Living Well is available to all employees, and includes programs, tools and resources to support all aspects of your well-being: health, money and life. Some benefits and programs are also available to spouses/domestic partners and/or family members in the home.

The Wellness Incentive Program rewards you with wellness credits when you take certain steps to maintain or improve your well-being.

  • If you’re enrolled in a PNC medical option with associated PNC BeneFit Plus Health Savings Account (HSA), you can earn up to $600 in wellness credits deposited in your HSA. Your covered spouse or domestic partner can earn an additional $400 in your HSA.
  • If you are not enrolled in PNC's medical benefits and/or do not have an associated PNC BeneFit Plus HSA, you can earn up to $100 in wellness credits as taxable cash in your regular PNC pay throughout the year.

Learn more

Just In Case Care

In partnership with Bright Horizons, a nationwide network of back-up child and elder/adult care services can help you make it to work when your regular arrangements are unavailable. Visit the Just in Case Care policy on Pathfinder to learn more.

Adoption Assistance

If you have at least one year of continuous full-time service and meet additional eligibility requirements, PNC will provide financial assistance up to $5,000 for eligible expenses for each adoption.
Learn more

Employee Assistance Program (EAP)

Free confidential assistance with challenges of daily living, ranging from parenting and elder care to mental health counseling. It is available 24/7 to you and your family members.


PNC’s advocacy service is there when you need help with complex health and benefits issues, locating doctors and medical facilities, coordinating PNC’s benefits with Medicare and managing claims issues. Call the HR Service Center at 877-YOUR-PNC (968-7762), option 1, then say "advocacy" when prompted.

Commuter Benefits Program

Pay for eligible parking or transit expenses with pretax dollars, with convenient debit cards or home-delivered transit passes, among other options. You may enroll or change your contribution through Pathfinder (via WageWorks) at any time.

Business Travel/Criminal Acts Insurance

Covers death and dismemberment while you travel on company business, or resulting from the criminal acts of others that occur while you travel and are functioning in your capacity as a PNC employee.

Employee Stock Purchase Plan (ESPP)

If you have at least six months of service, you may contribute 1% to 10% of your regular pay to purchase PNC common stock at a 5% discount from the fair market value on the purchase date.