MMC Benefits Handbook
Stopping Your Deferrals
Once you elect a deferral rate, you may not change your election or stop your deferrals during the Plan year. The final election on file at the close of the Annual Enrollment period will be the deferral rate for the year. You will not be able to stop or change the deferral for the remainder of the Plan year. If your deferrals stop because you decline to participate in the Supplemental Savings & Investment Plan during Annual Enrollment, you may re-enroll during the next Annual Enrollment (usually held during the fourth quarter of the year) if you remain eligible for the Plan.