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The Ministry of Social Security has made significant changes to the Pension System for 2023-2024. The changes aim to provide a more effective role for those who do not choose a pension scheme during the initial entrance process to the pension system. The revised pension scheme enables these individuals to have their savings deposited into a standard pension plan, with a minimum of 1/3 allocated to the deposit. The changes also include a faster switching mechanism for the pension scheme, with a propagation delay time of 2ns and a rise time of 9ns.
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