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Provident Fund

VMware complies with statutory requirements in providing the Employees’ Provident Fund Scheme (EPF) and the Employees’ Pension Scheme (EPS).

Eligibility

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.

Employee Contributions

You must make a matching contribution of 12% of eligible salary.

VMware Contributions

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.

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.

Nomination Details 

You may update your nominee details on the EPFO website, by following the steps outlined in the Nomination Details Form. Ensure to keep your beneficiary information up to date.

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.