Savings

VMware provides pensions contributions through a Defined Contribution Plan with Ethniki.

Eligibility

All regular employees working on a full time or part time employment contract.

Employees participate on a voluntary basis.

Plan Design

Provider Ethniki
Brief Summary Supplemental Defined Contribution DC Plan. Accumulation of contributions (employer + employee)
Normal Retirement Age The pension age is 67 for both men and women with at least 4 500 days of contributions (equivalent to 15 years). Workers with a contribution record of 12 000 working days (40 years) can retire with a full pension benefit at the age of 62.
Employee Contribution 1% up to 25% of monthly gross base salary (voluntary)
Employer Contribution VMware contributions: Up to 7% of base salary (core contribution of 3% of base salary plus Company matching 100% of employee contributions up to 4%).

No contribution is made if the employee does not make any contributions

Enrollment

Upon joining, please complete the application form and return to HR Source before the end of the month.

When Coverage starts

You can join the plan as soon as you start your employment with VMware. If you do not join during your first month of employment, there will be a chance for you to join once per year.

When Coverage ends

The company contribution will cease on your last day of employment with VMware.

Last Updated: 30 May 2022, 4:33 PM