According to the Shanghai Labor and Social Security Bureau at a recent press conference, starting from July 1 this year, people who entered the township insurance program by the end of 2006 and who transacted the procedure of drawing pension each month in accordance with the city’s method of rural endowment insurance shall have their pensions increased following different methods. To be specific, each pensioner shall have 60 yuan more each month. It is learned that this has been the fourth year in succession to increase the pension for beneficiaries entered township endowment insurance and over 200 thousand pensioners in the city will receive increased pensions.