Originally Posted by gloopy

Oh, so if something that was not true was true then XYZ. Then yes of course you would see a spike of end of the year retirees for some amount of first quarter/half retirees for the next year. However even that spike would hardly be a "run on the bank" as it would only remove a 14%-ish incentive and not getting that would only be a proportional offset to the 100% income that 14% was based on.

Regardless though, its good to clarify that retirees will always get whatever profit sharing they would have gotten (prorated to when they retired) because not knowing that could drive some incorrect decision making.