VMware complies with statutory requirements in providing the Employees’ Provident Fund Scheme (EPF) and the Employees’ Pension Scheme (EPS).
All regular full time and part time employees of VMware are covered under Employees Provident Fund and Employees Pension Scheme and are required to participate.
You must make a matching contribution of 12% of eligible salary.
VMware contributes 12% of your eligible earnings. Pensionable salary is the basic monthly salary drawn during the contributory period of service in the span of 12 months preceding the date of exit from the membership of Employee Provident Fund.
|Contribution||Employees Share||VMware Share|
|Provident Fund (PF)||12% of Basic Salary||3.67% of Basic Salary|
|Pension Scheme (EPS)||–||8.33% of Basic Salary (Max 1250)|
Voluntary Provident Fund (VPF)
Voluntary Provident Fund is one such way to increase your retirement savings. VMware allows you to make a monthly voluntary contribution ranging between 1% – 76% of your monthly basic salary towards Provident Fund corpus.
Login to MyLife [VMware network access required] to opt in or alter your existing voluntary contributions. The tool will be open from the first (1) to tenth (10) of each month if you wish to make any changes. If your election is made later than tenth (10), your contributions will not begin until the following month.
When Coverage Begins
Contributions begin on the first day of your employment.
When Coverage Ends
Your contributions will end on the end of your last day of service with VMware.
MyLife [VMware network access required]
PF Transfer Offline Form 13 [VMware network access required]
PF Transfer Offline Form 13 – Sample [VMware network access required]
PF User Guide [VMware network access required]
Last Updated: 13 Sep 2021, 4:26 AM