Retirement Plan

VMware provides a Defined Contribution Retirement Plan through KLP.

Eligibility

All employees who work the equivalent of 20% of a full-time position or more and are a member of the National Insurance scheme are eligible.

Employer only contributions

Plan Design

Plan Components
Plan components included in the Retirement Plan	Defined contribution pension Waiver of contribution to pension in case of disability Disability pension Child’s pension
Pensionable Salary	Base + Commissions and Bonus payments (OTE)
Normal Retirement Age	67 years (early retirement 62 years, late retirement 75 years)
Employee Contribution	None
Employer Contribution	Between 0G and 7.1 G : 4.8% of salary Between 7.1G and 12G : 8% of salaryAlso included in the plan: Disability pension that provides 69% of salary including Disability Pension from the National Insurance (Folketrygden) Children’s pension based on a special formula (from 01 August 2018 it is 15% of pensionable salary) G = base amount in National Insurance (Folketrygden) – NOK 93,634

Enrolment

You don’t need to complete an enrolment form, you will be automatically enrolled into the Retirement scheme with KLP from the 01st day of your employment.