MMC Benefits Handbook
Transfers to Mercer HR Services, LLC, Mercer Trust Company and Mercer Health and Benefits Administration, LLC Prior to March 1, 2016
If you transferred your employment from Mercer HR Consulting or any other participating company, directly to (i) Mercer HR Services, LLC, (ii) Mercer Trust Company or (iii) Mercer Health and Benefits Administration, LLC during the period from April 1, 2011 through June 30, 2013, you may have been eligible to continue participation in the Marsh & McLennan Companies Retirement Plan.
For employees who transferred on or after October 1, 2013 and before March 1, 2016
If you were at least age 45 with 5 years of Vesting Service at the time of your transfer (and you were not previously employed by SynHRgy), you continued to participate in the Marsh & McLennan Companies Retirement Plan.
For employees who transferred on or after January 1, 2006 and before October 1, 2013:
  • If you were at least age 45 with 5 years of Vesting Service at the time of your transfer (and you were not previously employed by SynHRgy), you were offered a one-time irrevocable choice between remaining in the Marsh & McLennan Companies Retirement Plan or joining the Mercer HR Services Retirement Plan.
  • If you opted to remain in the Marsh & McLennan Companies Retirement Plan, your Benefit Service and Eligible Monthly Pay for the Plan included your service and pay with Mercer HR Services, LLC, Mercer Trust Company or Mercer Health and Benefits Administration, LLC during the specified period.
  • If you opted to join the Mercer HR Services Retirement Plan, your Marsh & McLennan Companies Retirement Plan accrual ceased the first of the month following the date of your transfer to Mercer HR Services, LLC, Mercer Trust Company or Mercer Health and Benefits Administration, LLC during the specified period.
For employees who transferred prior to January 1, 2006:
  • If you were at least age 45 with 5 years of Vesting Service at the time of your transfer to either Mercer HR Services, LLC or Mercer Trust Company (and you were not previously employed by SynHRgy), you were offered a one-time irrevocable choice between remaining in the Marsh & McLennan Companies Retirement Plan or joining the Mercer HR Services Retirement Plan.
  • If you were at least 40 with 5 years of Vesting Service or had at least 10 years of Vesting Service at the time of your transfer to Mercer HR Services, LLC or Mercer Trust Company (includes former SynHRgy employees) and were not eligible for the choice described above, the further benefit accruals under the Marsh & McLennan Companies Retirement Plan ceased at your date of transfer.
Temporary Transition Benefit for Certain Mercer HR Services, LLC and Mercer Trust Company Employees
If you qualified for the temporary transition benefit, you will receive a benefit that is in addition to your Accrued Benefit on December 31, 2005. The additional benefit is in direct proportion to any increase in your Final Average Salary on or after January 1, 2006 to the earlier of your actual termination date or December 31, 2010. Only earnings with Mercer HR Services, LLC and Mercer Trust Company are recognized for the temporary transition benefit.
Example of the Temporary Transition Benefit
If your Final Average Salary increased by 6% on or after January 1, 2006 until the earlier of your actual date of termination from Mercer HR Services, LLC or Mercer Trust Company and December 31, 2010, your additional benefit would be equal to 6% of your Accrued Benefit on December 31, 2005.
Eligibility for the Temporary Transition Benefit
You are eligible for the temporary transition benefit if you were a Marsh & McLennan Companies Retirement Plan participant or had a frozen Accrued Benefit under the Marsh & McLennan Companies Retirement Plan and you transferred from Mercer HR Consulting or other participating company directly to Mercer HR Services, LLC or Mercer Trust Company during the period from December 31, 2004 through December 31, 2005, and:
(i) were at least age 45 with at least 5 years of Vesting Service on the day prior to your transfer to Mercer HR Services, LLC or Mercer Trust Company,
(ii) had the option to remain in the Marsh & McLennan Companies Retirement Plan or join the Mercer HR Services Retirement Plan,
(iii) were an employee of Mercer Outsourcing or a participating company on December 31, 2005, and
(iv) had not yet attained age 50 with 10 years of Vesting Service as of December 31, 2005,
or
(i) were at least age 40 with 5 years of Vesting Service or had at least 10 years of Vesting Service on the day prior to your transfer to Mercer HR Services, LLC or Mercer Trust Company,
(ii) did not have the option to remain in the Marsh & McLennan Companies Retirement Plan,
(iii) were entitled to have your Final Average Salary used to calculate your Marsh & McLennan Companies Plan frozen Accrued Benefit taking into account salary increases while employed by Mercer HR Services, LLC or Mercer Trust Company;
(iv) were an employee of Mercer Outsourcing or a participating company on December 31, 2005.