Retirement Plan

VMware provides a Defined Contribution Retirement Plan through Sanlam.

Eligibility

All regular employees are eligible to contribute into the Retirement plan.

Plan Design

Plan Components Specifications
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

Enrolment

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.

Last Updated: 15 Sep 2021, 1:16 PM