Benefits Handbook

If you take a leave of absence and such leave is covered by the Uniformed Services Employment and Reemployment Rights Act (USERRA), Vesting Service and Benefit Service will accrue for your period of absence once you return to work, provided that you return to work within the period required by USERRA. For the purpose of determining your Accrued Benefit under the Plan, you will receive credit for each regularly scheduled working hour (exclusive of overtime) up to and including December 31, 2016, the date that benefit accruals were discontinued under the Plan, during a qualifying leave.

For the purpose of determining your Vesting Service under the Plan, you will receive credit for each regularly scheduled working hour (exclusive of overtime) during your qualifying leave.

For the purpose of determining your Accrued Benefit under the Plan, during an approved military leave, your Eligible Monthly Pay will be deemed to be the highest Eligible Monthly Pay you received during your last six months of active service with a participating company prior to the commencement of your approved military leave.

If your approved military leave commenced prior to January 1, 2010, your Eligible Monthly Pay will be deemed to be the same as your Eligible Monthly Pay for the last month of active service with a participating company immediately prior to the commencement of your approved military leave.

Your Eligible Monthly Pay cannot exceed one-twelfth of the IRS limit on annual compensation in effect during the plan year.

If you are eligible for disability benefits (approved for benefits under the Marsh & McLennan Companies Short Term Disability Benefits Policy or Long Term Disability Plan), you continue to receive Benefit Service and Vesting Service. However, Benefit Service is only credited up to and including December 31, 2016, the date benefit accruals were discontinued under the Plan.

For the purpose of determining your Accrued Benefit under the Plan, during an approved disability leave, your Eligible Monthly Pay will be deemed to be the highest Eligible Monthly Pay you received during your last six months of active service with a participating company prior to the commencement of your approved disability.

If your long term disability benefits commenced prior to January 1, 2010, your Eligible Monthly Pay will be deemed to be the same as your Eligible Monthly Pay for the last month of active service with a participating company immediately prior to the commencement of your approved disability.

Your Eligible Monthly Pay cannot exceed one-twelfth of the IRS limit on annual compensation in effect during the plan year.

Your monthly retirement benefit payment will begin on the first of the month after you reach age 65 (or on your 65th birthday if it falls on the first of the month).

If you receive long term disability benefits after age 65, your monthly retirement benefit begins on the first of the month after your long term disability benefits cease.