The new Social Security payments for retirees aged 70 and above, now capped at $5,108, go out next week. When will checks arrive? Social Security payments are scheduled to begin on the second Wednesday of every month,

No Social Security payments are scheduled to go out this week. The Social Security Administration (SSA) distributes monthly benefits to retirees, people with disabilities and the families of deceased workers. Because there are multiple payment types and about 70 million beneficiaries, not everyone receives their money at the same time.

The Supplemental Security Income (SSI) benefit payments will be distributed twice in August - on Friday, Aug 1 and on Friday, Aug. 29. The second August payment is scheduled because the first day of September lands on a holiday - Labor Day.