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Marsh & McLennan Companies Retirement Plan
This section provides a summary of the Marsh & McLennan Companies Retirement Plan portion of the U.S. Retirement Program as of January 1, 2012.
These questions and answers in this section, together with the Administrative Information section, form the Summary Plan Description of the Marsh & McLennan Companies Retirement Plan.
The purpose of the U.S. Retirement Program is to provide income for your retirement based on eligible pay and length of service with the Company. Benefits may be payable from three sources: the tax qualified retirement plan and for certain highly compensated employees, from two non-qualified plans.
The Marsh & McLennan Companies Retirement Plan is part of the U.S. Retirement Program. Additional U.S. Retirement Program information can be found in the Benefit Equalization Plan and the Supplemental Retirement Plan summary of the Benefits Handbook.
The Marsh & McLennan Companies Retirement Plan (Plan) is a tax-qualified plan that may pay a benefit according to a formula that considers your pay and service with the Company, as well as your covered compensation according to the government's covered compensation table.
This section describes the Marsh & McLennan Companies Retirement Plan as of January 1, 2012. If you terminated employment before January 1, 2012, prior Plan provisions may determine your benefit.
As used throughout this document, "employee," "you" and "your" always mean a U.S. employee (regular or temporary) 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, Mercer Trust Company and Mercer Health and Benefits Administration, LLC (jointly Mercer Outsourcing), (iii) Marsh & McLennan Agency LLC.
The Employee Retirement Income Security Act of 1974 (ERISA) is a federal law that governs many employer-sponsored plans including this one. Your ERISA rights in connection with this Plan are detailed in the Administrative Information section that, together with this section constitute the Summary Plan Description for this Plan. However, the Plan rules are very detailed and this is only a summary.
In the case of any conflict between this description of the Marsh & McLennan Companies Retirement Plan and the Plan, the Plan rules govern. See also the Administrative Information section.