MMC Benefits Handbook
How the Marsh & McLennan Companies Retirement Plan Works
The Marsh & McLennan Companies Retirement Plan formula in effect up to and including December 31, 2016, the date benefit accruals were discontinued under the Plan uses your Eligible Monthly Pay and the Plan's benefit accrual percentage for each month you work on or after January 1, 2006 an before January 1, 2017.
Under Federal tax law, the benefit under the Plan is limited to a maximum amount. In general, the benefit is limited to no more than the lesser of 100% of your average earnings during the consecutive three years when your pay was highest or a specific dollar amount ($210,000 in 2016). The dollar limitation may be adjusted upward to reflect future cost of living increases. If your benefit under the Plan begins before you reach age 62, the dollar limitation will be reduced on an actuarial basis to reflect the early commencement of the benefit.