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Mercer HR Services Retirement Plan > When Benefits Are Paid spacer
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    Mercer HR Services Retirement Plan
        The Plan at a Glance
        Participating in the Plan
        How the Plan Works
        Company Contributions
        Investing Your Account Balance
       
When Benefits Are Paid
         In-Service Withdrawals
         Disabled
         Automatic Distributions
         Required Minimum Distribution
         Requesting a Required Minimum Distribution
         Taxes on Required Minimum Distributions
         Resale Restrictions
        How Benefits Are Paid
        How Benefits Are Taxed
        Applying for Benefits
        In Case of Divorce
        In Case of Your Death
        Leaving the Company
        Merged Plans
        Account Information
        Miscellaneous
        Glossary
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When Benefits Are Paid
Distribution Eligibility
You are entitled to the vested value of your Plan account when you:
  • retire
  • terminate employment with Mercer HR Services and all other MMC controlled group companies or
  • die (your beneficiary will receive your account).
Your account is subject to a vesting schedule. However, regardless of your years of service, you are 100% vested in the value of your account when you:
  • attain age 65 (reach normal retirement age) while employed by the Company or its affiliates
  • become disabled (you are approved for benefits under the MMC Long Term Disability Plan in accordance with that plan's provisions)
  • die (while employed by the Company or its affiliates) or
  • are affected by a full or partial Plan termination. (You will be notified if this occurs.)
 
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