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Old 05-13-2014 | 04:52 AM
  #156279  
Free Mason
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Joined: Oct 2012
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Originally Posted by badflaps
Has anyone done the numbers on the profit-share loss?
Yes, the Association did during the road shows. It was about a 2.3% raise or about ~~ 40-43 million. Its a fixed number. As the profit sharing change was below 2.5 and the 33% reduction in profit sharing on a 2.5 billion dollar profit and below is a hard number; IE the 30-43 million dollar number does not change as profits go up. Any profit below 2.5 billion means the rate for reduction in profit sharing pays off. Anything above 2.5 means its effectively equal. Do not forget to add the compounding raises on that initial rate change for the profit sharing change either. In the long run it actually will put more cash in your pocket.