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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.
Another way to increase your Social Security income is to take advantage of delayed retirement credits. Delayed retirement credits increase your payment if you claim Social Security after your full retirement age. In 2017, the full retirement age is 66 years and 2 months.