The Government is going to change the law so employers cannot pay less to employees in the KiwiSaver scheme than to those who are not.

The National Party is warning that a re-write of monetary policy would lead to higher inflation and push interest rates even higher.

Wellington, July 4 NZPA - The National Party is warning that a re-write of monetary policy would lead to higher inflation and push interest rates even higher.

Wellington, July 3 NZPA - The New Zealand dollar closed the local session today above US76c mainly thanks to a softer US dollar and despite more haemorrhaging in equity markets.

A slip-up by a National backbencher has forced the party to reveal it will keep compulsory employer contributions to Kiwisaver.

National has been forced to announce it will back the turbo-charged KiwiSaver after a backbench MP incorrectly told a business audience that compulsory employer contributions was not party policy.

Labour Minister Trevor Mallard has confirmed the Department of Labour is investigating claims that employers are paying less to workers in KiwiSaver while still claiming the tax credit.

The Government will consider a law change to stop employers ripping off workers who have joined the KiwiSaver scheme, Labour Minister Trevor Mallard said today.

The Department of Labour is investigating claims that employers are paying less to workers who are in KiwiSaver and receiving an employer contribution to their savings.