Retirement
VMware provides a defined contribution retirement plan through La Luxembourgeoise Insurance for all regular employees and fixed term contract employees on payroll. Self-employed and agency workers are excluded.
Contributions
Employer Contribution
VMware contributes an amount equal to 3% of pensionable earnings up to the social security ceiling + 8% of pensionable earnings thereafter.
Pensionable earnings = 12x gross monthly salary (for January) + variable pay of last calendar year
Employee Contribution
You are not required to make any contribution into the plan however you can make voluntary contributions into the pension plan up to 1,200 EUR per year exempt from tax.
When Coverage Begins
You will be automatically enrolled into the pension plan from your first date of employment.
Coverage will begin on your first day of active work as a VMware employee.
When Coverage Ends
Coverage will end on the last day of your employment with VMware.
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Last Updated: 21 Mar 2022, 6:52 AM