VMware provides pensions contributions through Zamara Fanaka, Administrators & Consultants Limited.
|Brief Summary||Supplemental Defined Contribution (DC) set up 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|
All regular employees working on a full time or part time employment contract. Employees participate on a voluntary basis.
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.