Suppose the pension scheme of a given firm is fully funded at the present time. How, if at all, will the following changes affect the financial state of the fund?

(a) An increase in the rate of benefit paid to retired members.

(b) A decrease in the contribution rate paid by workers or by the employer.

(c) An increase in the life expectancy of retired members.

(d) A decrease in the profitability of the fund’s investments.

(e) An increase in labour turnover within the firm.

(f) A round of redundancies before retirement within the firm.

(g) An increase in the rate of inflation.