Benefits Handbook

If you are eligible for a transition benefit as described in the Retirement Plan, the same transition benefit rules apply when calculating your benefit under the BEP.

For information on the Transition Benefit and the Temporary Transition Benefit, see the Marsh & McLennan Companies Retirement Plan A section.

Because benefit accruals were discontinued under both the Retirement Plan and the BEP effective December 31, 2016, the Final Average Salary used to calculate the transition benefit will be determined at the earlier of your first termination date or December 31, 2016.

Example – Han, a participant eligible for the transition benefit

Han was born on March 15, 1944, was hired by the Company on January 1, 1969 and terminated employment with the Company on March 31, 2009. Han accrued a Retirement Plan benefit and a BEP benefit before January 1, 2006 and on or after January 1, 2006. Because Han was employed, had an accrued benefit and met the specified age and service requirements on December 31, 2005, he was also entitled to a Transition Benefit with respect to his Retirement Plan benefits accrued as of December 31, 2005. The Transition Benefit also applies to his BEP benefit accrued as of December 31, 2005. The example below shows how the Transition Benefit applies to Han's BEP benefit.