Originally Posted by
OSAVIP
That's not worse, it's better. You do NOT need to be employed for the entire calendar year to receive profit sharing. After your 1st year of employment, you begin profit sharing immediately.
In your example, hired Feb 2013, you would begin profit sharing March 2014 and receive first distribution on or before April 2015 (for your March 2014 - Dec 2014 employment).
Yes, and that is worse. As I previously understood from the explanation in training was that we would not get profit sharing in 2014 for 2013, but in 2015 would get it for the FULL year of 2014. As explained here, we will get 10 months instead of 12 for next year, definitely worse.