Savings

VMware provides pensions contributions through Zamara Fanaka, Administrators & Consultants Limited.

Plan Design

Brief Summary Supplemental Defined Contribution (DC) set up as under an Irrevocable Trust

Accumulation of contributions (employer + employee)

Eligibility Criteria All permanent employees

Employees participate on a voluntary basis

Normal Retirement Age Old-age benefit (Retirement Pension, mandatory individual account): Age 60

Early old-age benefit: Age 50

Employee Contribution 6% of base salary + AVC (Additional Voluntary Contributions)

– No cap amount for AVC

Employer Contribution 10% of base salary

Eligibility

All regular employees working on a full time or part time employment contract. Employees participate on a voluntary basis.

Enrolment

Upon joining, please complete the application form and return to HR Source.

When Coverage starts

You can join the plan as soon as you start your employment with VMware.

When Coverage ends

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

Contact Us

Contact HR Source [VMware network access required]
ASK HR [VMware network access required]
Phone: 1-888-869-2738

Resources

Pension Application Form [VMware network access required]

Additional Voluntary Contribution Form [VMware network access required]

Last Updated: 11 Jul 2022, 8:58 AM