Retirement

VMware provides a Retirement Plan through a Group Insurance Plan with AG Insurance.

Eligibility

All regular VMware employees are eligible to participate in the Retirement Plan.

Benefits

VMware contributes into a private pension plan with AG split into two policies:

  • Policy 1
    • Employer Monthly Contribution percentage is based upon your base salary and Social Security Ceiling
    • VMware Contribution is 1,75% S1 + 7% S2
      • S1 = part of your yearly base salary up to legal pension ceiling
      • S2 = part of your yearly base salary above this ceiling. Yearly base salary = Monthly salary of January * 13,92
  • Policy 2
    • At the end of the year VMware pays an extra contribution into a separate bonus plan. This contribution is based upon commission or bonus (calculated February/March and invoiced May/June)
    • VMware Contribution: 7% C
      • C = Commissions & Bonuses + OVT
      • Commissions & Bonuses are limited to (OTE – yearly base salary)
      • Overtime = if you are entitled to overtime

Vesting

You are immediately 100% vested.

When Coverage starts

Coverage begins on your first day of employment with VMware.

When Coverage ends

Coverage ends on your last day of employment with VMware.

Contact Us

HR Source
ASK HR [VMware network access required]
Call 29200 or (+353) 214666909 > Select HR