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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.
Social Security Benefits to Increase in 2018 Posted on October 13, 2017 by Jim Borland, Acting Deputy Commissioner for Communications When we announce the annual cost-of-living adjustment (COLA), thereâs usually an increase in the Social Security and Supplemental Security Income (SSI) benefit amount people receive each month.