"According to the draft, the social-insurance policy expansion will cover expats working for city employers, foreigners who have acquired permanent residency and residents of Hong Kong, Macau and Taiwan. If it is approved, qualified candidates will be allowed to join the city's pension, medical and industrial-injury insurance systems on level terms with their Shanghai-native counterparts. People who have been paying into the city's pension fund for an accumulative period of 15 years before retirement age - 60 for men and 55 for women - can apply for pensions in the city." Anyone looking forward to this? [Source]