Originally Posted by
Bluedriver
Still some debate about how it all actually works. Here's how im currently seeing it.
Last year was profit sharing worth 20.87% of your eligible income, -5% JB cliff = 15.87% which was paid to us.
Under the new formula, we lose one third of the profit sharing pool, so would have been 13.91% minus the 5% JB cliff, so they would have paid us 8.91% vs 15.87%.
A LOSS of 7%. That's using last year's profit. 2017 and beyond could be more or less.
Thank you for the level headed response. I've been here about a year and half and didn't get the full PS last year, so i have nothing to compare.