Time Away from Work

PNC provides paid vacation, holidays and paid occasional absence (POA) days, as described below.

Vacation: Full-time (including RSP) employees accrue vacation time according to an established schedule. The full-time schedule is below.

Carry-over: You may carry over up to three accrued, unused regular (company-provided) vacation days to the following year. The days must be used in the first quarter of the year and before any current company-provided accrued days.
*Certain state laws, such as in California and Colorado, may require specific handling of vacation allowance and vacation accrual. Where this is the case, state law will prevail.

For more details, and for the part-time vacation schedule, visit the Information Center in Pathfinder.

Vacation Buy: During annual enrollment each year, you may be eligible to buy up to two eight-hour vacation days for the following year if you:

• Are an active, full-time employee or a Reduced Schedule Professional (RSP); and
• Will have at least two years of continuous service with PNC as of Jan. 1 of the following year.

For more details, refer to the vacation buy policy on Pathfinder.

PNC Holiday Schedule

2022 Observed Holidays

The PNC 2022 holiday calendar will reflect the following updates:

• Juneteenth has been added to the list of federal holidays observed by PNC.
• The four-hour floating holiday for cultural observance (introduced in 2021 for all full-time and part-time employees¹) is available for use anytime between Jan. 1 and Dec. 31, with manager approval.
• PNC will follow the Federal Reserve Board calendar, including when a holiday falls on a weekend:
  • When an observed holiday falls on a Saturday, full-time employees will receive a floating holiday.* The floating holiday will be available as of Jan. 1 (for holidays that fall in the first half of the year) or July 1 (for holidays in the second half of the year).
  • When a holiday falls on a Sunday, PNC will be closed for observance the following Monday.

*For holidays falling on a Saturday, Federal Reserve banks and branches will be open the preceding Friday; PNC will assign a floating holiday (available for full-time employees¹).

**For holidays falling on a Sunday, Federal Reserve banks and branches and PNC will be closed the following Monday.

Refer to the Holiday/Floating Holiday Policy in Pathfinder for more information, including how holiday time will be recorded in Workday.

¹Full time includes Reduced Schedule Professionals (RSPs). Although part-time employees are not eligible for regular floating holidays (when an observed holiday falls on a Saturday), part-time employees are eligible for the four-hour cultural observance floating holiday.

Occasional Absence (POA) Days: In addition to vacation and holidays, full-time employees are eligible for eight and part-time employees are eligible for six paid occasional absence (POA) days each year. These can be used for personal illness, care of immediate family members or personal business that cannot be scheduled during non-working hours.

Maternity Leave is covered under PNC’s Short-Term Disability (STD) program.

Key Features

• 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). Eligible birth mothers also receive six weeks of Parental Leave (see below).
• Birth mothers who have at least 90 days but less than 12 months of full-time or RSP continuous service as of the date of leave are eligible for six work-weeks of Standard STD, payable at 60% of eligible compensation, subject to an elimination period.
• Leaves extending beyond the applicable six or 10 work-week duration due to medical reasons will be subject to STD or Long-Term Disability (LTD) policies, as applicable.

For details, see the Short-term Disability and Maternity Leave Benefits Summary Plan Description (SPD) or call the HR Service Center at 877-968-7762, option 2.

Eligibility and Key Features

• The policy generally requires one year of full-time, RSP or part-time continuous service to be eligible for Parental Leave.
• Parental Leave is available to the biological or adoptive mother or father, or the legal spouse/domestic partner of the birth or adoptive parent.
• Eligible employees may take up to six work-weeks of time off, paid at 100% of regular salary, to care for and bond with a new child.
• 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. If both parents work for PNC, each is entitled to six work-weeks, as long as they meet service eligibility requirements.

For more information, please refer to the Parental Leave policy on Pathfinder or call the HR Service Center at 877-968-7762.

Provided by PNC at no cost to you, STD protects your income if you are ill, injured or recovering from childbirth or surgery. Birth mothers with at least one year of full-time or RSP service are eligible for 10 weeks of Maternity Leave as described above.

Eligibility and Key Features

• If you have 90 days but less than one year of continuous full-time service and have satisfied the seven-day elimination period, you may receive 60% of eligible compensation for up to six work-weeks for an approved disability.
• If you have at least one year of continuous full-time service and have satisfied the seven-day elimination period, you are eligible for up to six work-weeks at 100% of eligible compensation for an approved disability, then up to an additional six work-weeks at 60% of eligible compensation.
• STD benefits may begin when you are unable to return to work for more than seven consecutive calendar days (or the equivalent of the sixth consecutive working day if your work schedule is 48 hours or more within seven calendar days, not including overtime).
• Benefits may continue for up to a total of 12 work-weeks if you remain disabled.
• You must be under a medical doctor's care, provide proof of disability and be approved for STD benefits by the claim administrator in order to receive STD benefits.

Long-Term Disability benefits can provide income replacement to help you pay your mortgage, credit card bills and other regular living expenses while you’re recuperating for longer than the period covered by STD (13 weeks).

Eligibility and Key Features

• Company-provided LTD coverage of 60% of eligible compensation starts after completing 90 days of full-time continuous service.
• Eligible full-time employees can receive 60% of eligible compensation after being totally disabled for 91 calendar days.
• The monthly benefit maximum for LTD is $10,000.
• During annual enrollment, you can increase the amount by choosing the 70% LTD option and paying for the additional 10% of coverage.
• If you elect additional coverage, you pay the cost through pretax payroll contributions, and the cost is based on your age as of Dec. 31 of the coming year.

• Paid Family Leave
• Bereavement Days
• Family Medical Leave
• Jury and Witness Duty
• Military Leave
• Paid Time Off for Volunteerism
• Personal Day