Article about decrease in private pension plans funding

** PLEASE CAREFULLY READ THE REQUIREMENTS BELOW BEFORE YOU SUBMIT YOUR BID OR ACCEPT THE JOB ** REQUIREMENTS: - Articles must be delivered on or before Sunday June 29, 11:00AM EDT (New York time) - please Google EDT time zone compared to yours. - Read the "Main Article" below. - Then, write 1 (one) article (200 words) based on the topic addressed in the “Main Article" below. - Colloquial language preferred. - Original content required. - Although you should use the “Main Article" as reference, the articles on the links that follow can help you become more familiar with the main topic as well, which is “less U.S. employers are offering pension plans to employees": [login to view URL] [login to view URL] "Main Article": Pension plans are employment benefits designed to distribute monthly installments to former employees once they retire. Pension plans were frequently negotiated by unions during the World War II as national wage increases ceased; however, such benefit has been decreasingly offered. About 75% less employees have received the benefits since 1980s, and about 112,208 plans were covered by the Pension Benefit Guarantee Corporation, whereas in 2005 only about 29,000 were covered. And it continues to fall. Recent statistics shows that an increased number of employers have withdrawn from those plans. In 1998, 90% of Fortune 100 companies offered the plans to employees, while in 2012 only 11 Fortune 100 companies offered the benefit. The main reason management negotiators have resisted to raise private pension plan funding is because Social Security taxes have increased with the raise of salaries – Social Security tax is a percentage of the employees’ salary. In addition, instability in the Social Security system caused increases in benefits paid to retirement income, which have urged employers to avoid the funding of private pensions. In other words, employers have opposed to funding those benefits due to the fact that pension plans are advantageous only to employees. Employers do not receive any type of benefit by contributing to those plans.