Under current tax laws, the Company's cost for providing medical and dental coverage to domestic partners results in "imputed income" to you; you must pay tax on this income. The full cost of domestic partner coverage (both the employee and employer contributions to medical and dental coverage, and the employee's contribution to Personal Accident Insurance, Spouse Life Insurance, and Dependent Children Life Insurance) is subject to federal, Social Security (FICA) and if applicable, state and local income taxes.

Your amount of imputed income equals the full cost to cover your partner (and/or your partner's children) less your after-tax contributions to cover that person. Your dollar amount of imputed income is calculated every payroll cycle and is reflected on your payslip. It is also reported on your year-end W-2 form as a component of taxable income from the Company.

If your partner (and his or her child) qualifies as your dependent under IRC Section 152, the cost of their coverage would not be imputed as taxable income to you. You may want to review your W-4 withholding allowance and make changes if applicable.

You can get a federal W-4 form online by accessing MMC PeopleLink. At the home page, click on "View and print forms", then "Payroll" and select "Form W-4".

To make changes to your bank or financial institution, you need to access MMC PeopleLink's Employee Self Service, click on the Payroll link, then the Payee Bank Account.