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Benefit Equalization Plan
This section provides a summary of the Benefit Equalization Plan (the "Plan") as of January 1, 2012.
The purpose of the Benefit Equalization Plan (Plan) is to restore the level of retirement benefits you would receive from the Marsh & McLennan Companies Retirement Plan if certain IRS limitations did not apply.
This section describes Plan provisions dated as of January 1, 2012. If you terminated employment before that date, prior Plan provisions will apply.
As used throughout this document, "employee," "you" and "your" always mean a U.S. regular or temporary employee of Marsh & McLennan Companies or any other participating company.
References in this document to "Company" means Marsh & McLennan Companies, Inc. and its subsidiaries and affiliates other than (i) CS STARS, LLC (formerly Corporate Systems, Inc.), (ii) Mercer Human Resource Services (now referred to as Mercer Outsourcing), and (iii) Marsh & McLennan Agency LLC.
In the case of any conflict between this summary description of the Marsh & McLennan Companies Benefit Equalization Plan and the Plan, the Plan rules govern in all instances. See also the Administrative Information section.
This document uses a number of defined terms, see the "Glossary" for the definitions.