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The Social Security Administration (SSA) has announced that the monthly Social Security and Supplemental Security Income (SSI) will increase 0.3 percent in 2017. The 0.3 percent cost-of-living adjustment (COLA) will begin with benefits payable to more than 60 million Social Security beneficiaries in January 2017. Increased payments to more than 8 million SSI beneficiaries will begin on Dec. 30, 2016.
