This is a good thing because right now they can store all of the information within the blockchain and also this is secure, unlike the traditional way.
Speaking of the traditional way is called as "cabinet file system" they storing literally into the cabinet and instead it's good to use this also to makes easier recovering files and backup also with the cloud save.
Good news. Using Blockchain technology as a Pension system is a very good choice. All transactions will be recorded clearly and transparently. By using the Blockchain system, it reduces the level of corruption. So I say that this is good news.
Also, a good thing too because they can now easily monitor those projects and funds they are using and sending to avoid some inside job and unexpected transactions came from your account.
This is a good news. I think such collaboration is what is needed at the moment for cryptocurrency rather than trying to disregard crypto because cryptocurrency is a financial revolution taking over soon. As we know that we have different project now trying to have a crypto payment system which will make financial transaction easier.
Right now there are a lot of businesses adopting the use of this blockchain also I recently read about the Vechain which is spreading the use of the blockchain which is a good thing to know to make more transparent.