December 22, 2017 / 5:29 PM / 6 months ago

BRIEF-PNC Says Will Raise Minimum Pay Rate To $15 An Hour By End Of 2018

Dec 22 (Reuters) - PNC Financial Services Group Inc:

* WILL PROVIDE FOR EMPLOYEES IN DEFINED BENEFIT PENSION PLAN AN ADDITIONAL $1,500 TO THEIR EXISTING PENSION ACCOUNTS

* RAISE MINIMUM PAY RATE TO $15 AN HOUR BY END OF 2018

* PNC TO PROVIDE A $1,000 CASH PAYMENT TO ABOUT 47,500 EMPLOYEES IN Q1 OF 2018 Source text for Eikon: Further company coverage:

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