PNC Financial Services PNC, +0.94% became the latest company to say it will pay special bonuses to the bulk of its employees, among other workforce investments, after the tax bill was signed into law Friday. The financial services company said it will provide a $1,000 cash payment in the first quarter of 2018 to about 47,500 employees, or the about 90% of its workforce who are below a certain compensation band. In addition, PNC said it would raise its minimum wage to $15 an hour by the end of 2018, provide an additional $1,500 for employees in the defined benefit pension plan and make a $200 million contribution to the PNC Foundation, which supports early childhood education. "The Board's decision to recognize our employees and support our communities is reflective of our commitment to PNC's success," said Chief Executive William Demchak. The stock slipped 0.3% in midday trade. It has rallied 25% year to date, while the S&P 500 SPX, +0.29% has gained 20%.