Oak Pensions Data Recapture: Everything You Should Know
The Data Recapture Exercise is important for all Retirement Savings Account (RSA) holders who registered under the Contributory Pension Scheme (CPS) before the 1st of July 2019.
This means that if you registered after the 1st of July 2019, you do not need to undergo the data recapture exercise because you are already registered through the Enhanced Contributor Registration System (ECRS).
However, it is essential that all active contributors and retirees whose data have not been recaptured up until this moment do so as soon as possible. This is because the National Pension Commission (PenCom) recently announced the urgency of participating in the ongoing Data Recapture Exercise for all pensioners who are yet to do so.
Why is the Data Recapture Exercise Necessary for You in 2022?
Here are three reasons why the Data Recapture Exercise is necessary for you as a Retirement Savings Account (RSA) holder in 2022:
To ensure that all organizations that regenerate data synchronize their databases with the National Identity Management Commission (NIMC).
To ensure that there is a credible database of all RSA holders in Nigeria
To simplify the process of withdrawing from your RSA or transferring your RSA from one PFA to another
3 Major things to Note about Oak Pensions Data Recapture Exercise
You need to know three major things about Oak Pensions Data Recapture Exercise. Here they are.
You can complete the exercise within thirty (30) minutes online. All you need to do is visit the web page here and click on the Begin button. You’ll need to enter your PIN to proceed with the exercise.
If you’ve started the important exercise, you can continue the procedure on the same page. Simply enter the eight-digit Reference Code sent to your email or mobile number.
You can complete the exercise at any of Oak Pensions branch offices. Simply download the form and take it along with you to any of the branches nearest to your current location to get it done within minutes.
YOU SHOULD ALSO READ THIS: 5 Ways Oak Pensions Customer Care Helps You
Making a transfer of your Retirement Savings Account (RSA) contributions to Oak Pensions Limited is easy. Contact the Marketing Manager on this number: 09087448661. You can also send an email to firstname.lastname@example.org.