Retirement

VMware will automatically enroll all eligible employees into a Retirement plan with Caser.

VMware Contributions

VMware contributes an Employer Contribution of 5% each year.

Employee Contributions

Employees are not able to make voluntary contributions into the Retirement plan.

Vesting

You are immediately entitled to accumulated contributions with interest.

When Contributions are made

Contributions are made on the first semester of the year after the vesting (ie. if the vested period was the year 2022, the contributions are made on the first semester of 2023).

Contributions pro-ration 

If you join VMware part way through a year, your contributions will be made with a pro-rated amount for the exact number of working days you were employed during that specific year.

If you leave VMware part way through a year, your contributions will be made with a pro-rated amount for the exact number of working days you were employed during that specific year.

Pension Statements

You will receive a Pension statement each year.

Normal Retirement Benefits

Your normal Retirement benefit is the accumulated contributions with interest. At retirement you have a choice of an annuity or lump sum (or combination of the two).

Early Retirement Benefits

You are eligible for an early retirement after age 60. Your early Retirement benefit is the accumulated contributions with interests.

Death Benefits

If you should die before retirement, your beneficiaries will receive the accumulated contributions with interest plus 1.500€.

Disability Benefits

If you should become permanent disabled you may eligible to receive the accumulated contributions with interest.

Leaving Service

You are immediately vested to accumulated contributions with interest (with the exception shown on the internal plan rules).
When you leave VMware you can chose to maintain pension rights in the insurance policy until retirement, or transfer them to another similar policy (specific conditions under Spanish pension regulations will apply in case you want to transfer your plan).

Contact Us

Contact HR Source [VMware network access required]
ASK HR [VMware network access required]
Phone: (+34) 914125008


CONTACT US CASER
Policy Number for VMware Spain: 54312
Policy Number for VMware International Spain: 32000633
Phone: 902011111
Visit website

Resources

Beneficiary Designation Form [VMware network access required]

Spain Retirement Benefit FAQs [VMware network access required]

Spain Retirement Certificate FAQs [VMware network access required]

Pension Plan Regulations VMware Spain: English [VMware network access required]

Pension Plan Regulations VMware Spain: Spanish [VMware network access required]

Pension Plan Regulations VMware International Spain: English [VMware network access required]

Pension Plan Regulations VMware International Spain: Spanish [VMware network access required]

Pension Presentation 2022 English [VMware network access required]

Pension Presentation 2022 Spanish [VMware network access required]

 

Last Updated: 4 Mar 2022, 12:46 PM