VMware provides a Defined Contribution Retirement Plan through KLP.
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 components included in the Retirement Plan||
|Pensionable Salary||Base + Commissions and Bonus payments (OTE)|
|Normal Retirement Age||67 years (early retirement 62 years, late retirement 75 years)|
|Employer Contribution||Between 0G and 7.1 G : 4.8% of salary
Between 7.1G and 12G : 8% of salaryAlso included in the plan:
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.
When Coverage starts
Employees can join the plan as soon as they start their employment with VMware.
When Coverage ends
The company contribution will cease on your last day of employment with VMware.