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Social Security benefits will increase by 0.3 percent beginning with the December 2016 benefits, which are payable in January 2017. Federal SSI payment levels will also increase by 0.3 percent effective for payments made for January 2017.
Oct 18, 2016. Millions of Social Security recipients and federal retirees will get a 0.3% increase in monthly benefits next year, the fifth year in a row that older Americans will have to settle for historically low raises. There was no increase this year.