VMware provides a Defined Contribution Retirement Plan through Sanlam.
All regular employees are eligible to contribute into the Retirement plan.
|Pensionable Salary||Base + Commissions and Bonus payments (OTE)|
|Eligibility criteria||All permanent employees are eligible for retirement benefit|
|Retirement Age||65 years|
|Employee Contribution||6.5% of pensionable salary|
|Employer Contribution||5.5% of pensionable salary|
Upon joining, please contact your local HR Services representative, who will assist you to select and collect all the necessary information required to complete your planned contributions into the plan.
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.
Retirement Reform – Provident Fund Changes – 01.03.2021 – MMB Presentation
Sanlam Umbrella Fund New Entrant Form
Sanlam Umbrella Fund Member beneficiary nomination form
Sanlam Withdrawal Claim Form
The Fund in Detail – March 2019