Benefits Handbook

The Marsh & McLennan Companies Retirement Plan offers a number of forms of payment that you can elect when you commence payment of your vested accrued benefit. Each form of payment is Actuarially Equivalent. This means that each form of payment is of equal value determined by the actuarial assumptions in the Plan. See the definition of Actuarial Equivalent in the "Glossary" for more information. The differences in the monthly amount payable under each form of payment reflects your age when you commence monthly benefit payments, any difference between your age and the age of the person you designate to receive your benefit in the event of your death, if any, and the projected payout period.

Because many factors should be considered when electing a form of payment, you may want to seek the advice of a tax professional to determine the best form of payment for your situation.