How Benefits Are Paid

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	Supplemental Savings & Investment Plan

	The Plan at a Glance

	Participating in the Plan

	How the Plan Works

	Company Matching Credits

	Your Deferrals

	Notionally Investing Your Account Balance

	When Benefits Are Paid

	How Benefits Are Paid

		Distribution Elections/Changes

		Direct Deposit

		Distribution Delivery

		Rollovers

	How Benefits Are Taxed

	In Case of Your Death

	Leaving the Company

	Account Information

	Miscellaneous

	Glossary

How Benefits Are Paid

Distribution Options

The forms of payment offered under the Plan depend upon your reason for leaving.

Distribution options elected during your initial enrollment are effective immediately. Distribution option changes must be on file for 12 months to be effective. Under "How Benefits Are Paid" see "Distribution Elections/Changes" for details and restrictions on changing distribution elections.


Reason for leaving	Payment forms
Termination because of: retirement disability (as defined by Supplemental Savings & Investment Plan) death	You may elect to receive your Plan balance (in the case of disability, only post 2004 account balances can be paid) as: a single lump-sum; or annual installments (from 2 to 15 years). Note: Your pre-2005 account balance cannot be paid upon the event of disability since disability does not trigger a termination event. Pre-2005 account balances can only be distributed following termination or death. You or your beneficiary can begin to receive payment(s): immediately following the date you retire, become disabled (as defined by Supplemental Savings & Investment Plan), or die; the first calendar quarter of the year following the date you retire, become disabled, or die; or the first calendar quarter of the fifth year following the date you retire, become disabled (as defined by Supplemental Savings & Investment Plan), or die. Special rules apply to changing your distribution elections.
All other terminations	Your only form of payment is a single lump-sum after your termination of employment (voluntary and involuntary) even if you haven't requested a distribution under the 401(k) Savings & Investment Plan.

The portion of your account notionally invested in notional shares of MMC stock will be paid in shares of MMC stock (a book-entry account will be set up with the Company's transfer agent) and the balance of your account will generally be paid by check.

If you are a specified employee (generally the 50 top-paid officers), you may not receive a distribution earlier than six months after retirement or termination except in the case of death.