Savings

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

Plan Design

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

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.