This is the amount of benefit that you have earned to date, as determined under the benefit calculation formula based on your salary and benefit service.

This is the first day of the month in which your benefit from the Plan is paid. Once you elect a benefit commencement date and payments commence, you may not change it.

For Service on or after January 1, 2010

Generally, you will earn Benefit Service under the Plan for each month that you are an eligible employee (See "Participating in the Plan" in the Marsh & McLennan Companies Retirement Plan section for details) and have monthly eligible pay. Benefit Service is used to determine your Plan benefit accrual percentage. See "Formula" in the How the Plan Works section for details.

For Benefit Service Prior to January 1, 2010

Generally, you earned benefit service under the Plan for each month that you were an eligible employee (See "Participating in the Plan" in the Marsh & McLennan Companies Retirement Plan section for details) and had monthly eligible salaried pay.

If you were classified as an hourly employee, you did not earn benefit service.

This is a set of annually issued Federal Government values of the average of the Social Security maximum Taxable Wage Bases over the 35-year period that ends at your Social Security normal retirement age. The Taxable Wage Base is the maximum amount of compensation recognized in determining your Social Security retirement benefit. (Currently, Social Security normal retirement age is 65 if you were born before 1938; 66 if you were born in 1938 through 1954; and 67 if you were born in 1955 or later. If you have not yet reached your Social Security normal retirement age, the current wage base is projected to your Social Security normal retirement age assuming no increases.) Each year the Federal Government issues an updated Taxable Wage Base Table. A copy of the table can be found on the Internet by accessing: www.irs.gov/irb/2004-46_IRB/ar07.html or go to www.irs.gov and search for "Internal Revenue Bulletin (IRB) 2004-46".

At the time of reference, a partner of the same or opposite sex with whom you are registered as Domestic Partners in accordance with the requirements of a city, state, or municipality that recognizes domestic partnerships.

If you are not registered as Domestic Partners or have been registered for less than 12 months, your partner will quality as a Domestic Partner for the purposes of the Plan if you and your Domestic Partner satisfy all of the following criteria:

Eligible monthly pay is your monthly base earnings paid during periods when you were employed as a U.S. regular or temporary employee by a participating company. If you are paid on a salaried basis, your eligible monthly pay is based upon your annual base salary rate in effect during the month (one-twelfth of your annual base salary rate). If you are paid on an hourly basis, your eligible monthly pay is the base pay paid from an Marsh & McLennan Companies payroll during the month.

Eligible monthly pay regularly received does not include overtime, bonuses, commissions and other extra compensation but does include before-tax salary reduction amounts that you may contribute to other programs sponsored by Marsh & McLennan Companies in which you were eligible to participate, such as the Marsh & McLennan Companies 401(k) Savings & Investment Plan or a Flexible Spending Account, but excluding compensation you defer under the Supplemental Savings & Investment Plan. Eligible monthly pay shall not exceed one-twelfth of the IRS limit on annual compensation in effect in which your eligible monthly pay is earned.

For service prior to January 1, 2010, eligible monthly salary is your monthly base salary paid during periods when you were employed as a salaried employee by a participating Marsh & McLennan Companies company. Salary does not include overtime, bonuses, commissions and other extra compensation but does include before-tax salary reduction amounts that you may contribute to other programs sponsored by Marsh & McLennan Companies in which you were eligible to participate, such as the Marsh & McLennan Companies 401(k) Savings & Investment Plan or a Flexible Spending Account, but excluding compensation you defer under the Supplemental Savings & Investment Plan. The amount of your salary that can be used in determining your eligible monthly salary under the SRP is not subject to an annual limit prescribed by the IRS.

Final average salary is the average of your highest eligible monthly salary paid during period when you were employed as a salaried employee by a participating company, over a 60 consecutive month period during your employment. Salary does not include overtime, bonuses, commissions and other extra compensation but does include before-tax salary reduction amounts that you may contribute to other programs sponsored by Marsh & McLennan Companies in which you were eligible to participate, such as the Marsh & McLennan Companies 401(k) Savings & Investment Plan or a Flexible Spending Account, but excluding compensation you defer under the Supplemental Savings & Investment Plan. The amount of your salary that can be used in determining your final average salary under the SRP is not subject to an annual limit prescribed by the IRS.

IRC Section 409A, enacted as part of The American Jobs Creation Act of 2004, imposes rules on how benefits under non-qualified plans (the SRP is a non-qualified plan) earned and vested after December 31, 2004 may be distributed. The portion of a non-qualified plan benefit earned and vested as of December 31, 2004 is not subject to IRC Section 409A.

IRC Section 409A, enacted as part of The American Jobs Creation Act of 2004, imposes rules on how benefits under non-qualified plans (the SRP is a non-qualified plan) earned and vested after December 31, 2004 may be distributed. The portion of a non-qualified plan benefit earned and vested after December 31, 2004 is subject to IRC Section 409A.

In accordance with the rules under IRC Section 409A, a separation from service is deemed to occur when the number of hours you perform service for the company in a week are 20% or less of the average weekly hours you worked during the previous 3 year period. If you perform a service as a salaried-paid employee your regularly scheduled hours are used to determine the number of hours performed. If you should perform services as an hourly-paid employee or as an independent contractor, your actual hours will be used to determine if a separation from service has occurred. You do not have to terminate employment to incur a separation from service.

Additionally, a separation from service is deemed to occur if you are disabled, absent from work due to your own physical or mental condition and you receive pay under the Marsh & McLennan Companies Long Term Disability Plan for 29 continuous months or if you are on an unpaid leave of absence for more than 6 months.

A plan that satisfies the Internal Revenue Service requirements governing retirement plans and pays benefits within IRS limits and allows the Company to set aside assets in a tax-exempt trust to fund participant benefits, without subjecting participants to tax until they receive distributions from the plan.

The IRS imposes certain limits on tax-qualified plans, such as establishing a maximum amount of salary that can be used to calculate plan benefits, and the maximum benefit that a retirement plan can pay a participant at age 65 and other retirement ages. The government adjusts these limits from time to time. Lower limits applicable for prior years may affect your benefits.

The Marsh & McLennan Companies Retirement Plan is a tax-qualified plan and was last approved by the IRS on June 9, 2009. The 2012 IRS limits for the Marsh & McLennan Companies Retirement Plan are:

For Service on or after January 1, 2010

Vesting service generally includes the number of months of your employment as a regular or temporary employee of a company that is a member of the Marsh & McLennan Companies controlled group anywhere in the world.

You earn one month of vesting service for each month in which you are employed.

Vesting service may also include:

Vesting service does not include:

For Vesting Service Prior to January 1, 2010

If you were classified as a salaried employee, you received one month of vesting service for each salaried month.

If you were classified as an hourly employee, you generally earned a year of Vesting Service if you completed 1,000 or more hours of service within an employment year.

If you were classified as both an hourly and a salaried employee within the same employment year, special rules apply.

An employment year is the twelve-month period generally beginning with the first day of the month you performed an hour of service or an anniversary of that date. Your Employment Year is the same if you are hourly or salaried.