The new Social Security payments for retirees aged 70 and above, now capped at $5,108, go out in 12 days. When will checks arrive? Social Security payments are scheduled to begin on the second Wednesday of every month and continue in waves on a weekly basis.

Social Security payments in August will follow a normal schedule for Michigan retirees and others who receive money, however those who were previously overpaid by the Social Security Administration may see smaller benefit checks.