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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.
Most railroad retirement annuities, like social security benefits, are scheduled to increase in January 2018 on the basis of the rise in the Consumer Price Index (CPI) from the third quarter of 2016 to the corresponding period of the current year.