MMC Benefits Handbook
Salary
The following definitions apply when calculating benefits based on your salary:
Definition of Salary
For Marsh McLennan employees (other than MMA):
  • Salary for the purpose of the Plan is your annual base salary (excluding overtime, bonuses, commissions, and other extra compensation).
For MMA employees:
  • Salary for the purpose of the Plan is your annual base salary (excluding overtime, bonuses, commissions, and other extra compensation) or your annual benefits base rate. Annual benefits base rate includes your annual base salary, your annual MMA producer salary, your Guaranteed Annual Draw and the average of the last two years Commissions.
If my salary changes, what happens to my life insurance benefit?
If you are a Marsh McLennan employee and your salary changes, your Basic Life Insurance benefit amount will be adjusted on the date of your salary change, provided you are Actively-At-Work.
Evidence of Insurability is not required for an increase in coverage resulting from a salary change.