NIB Contribution Hike Takes Effect January 5, Impacting Workers And Employers A major shift is coming for workers and employers as the National Insurance Board (NIB) rolls out higher contribution rates starting Monday, January 5. The increase, aimed at shoring up the long term sustainability of the country’s social security system, will see both employees and businesses paying more from the start of the new year. #NIB #SocialSecurity #WorkersAndEmployers #CostOfLiving #EconomicPressure