Benefits Handbook

Initial Distribution Elections

You may elect to receive your post-2004 account balance as:

If you did not make an affirmative initial distribution election, your post-2004 account balance was defaulted to the single lump sum distribution option and will be paid immediately following the date you die or become disabled or separate from service on account of your retirement.

You or your beneficiary can begin to receive payment(s):

Special rules apply to changing your distribution elections (see "Post-2004 Account Balance Options" for details).

If you terminate on a voluntary or involuntary basis and that termination does not qualify as a retirement under the terms of the Supplemental Savings & Investment Plan, you will be paid in a lump sum immediately following your separation from service regardless of whether you have a valid distribution election on file. In other words, you cannot determine or affect the time or form of your payment under these circumstances.

You may elect to receive your pre-2005 account balance as:

Note: Your pre-2005 account balance cannot be paid upon the event of disability since disability does not trigger a termination event. Pre-2005 account balances can only be distributed following termination or death.

You or your beneficiary can begin to receive payment(s):

Special rules apply to changing your distribution elections.

Your only method of payment is a single lump sum after your termination of employment (voluntary and involuntary) even if you haven't requested a distribution under the Marsh & McLennan Companies 401(k) Savings & Investment Plan.