The Superannuation Guarantee rate just increased from 9.5% to 10% in July 2021 and is scheduled to progressively increase to 12% by 2025. i. Explain the pros and cons of this policy of gradually increasing the Superannuation Guarantee Rate from 9.5% to 12% . (6 marks) In your answer, discuss the impacts of this legislation on: The short-term effect on workers' take-home wage and economic growth The impacts on retirees' savings The impacts on the government budget and long-term economic growth