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Immigration

Employment Based Greencard

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Need help understanding priority dates
The current USCIS visa bulletin puts the priority date for Employment-based 1st (EB1) category for India as 01 JAN 15. So any applications approved before Jan 2015 would get a GC. My understanding is that this also means if I apply today (Jan 2020) using I-485, it would take roughly 5 years to get a GC through EB1 filing. Is that correct?

What I don't understand is, till March 2018, the cutoff date was current. So anyone who completed their interview and got approved by March 2018 and before in EB1 got a green card. How can USCIS then be processing applications from Jan 2015? What does it mean?

Finally, if my priority date is May 2018, how long would I have to wait? The cutoff date only tells me the wait time if I applied right now. How can I calculate the wait time for an older priority date?
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