The first round of May’s Social Security payments, worth up to $5,108 for the highest-income earners who retire at age 70, will go out to retirees in 14 days. Here is all you need to know about May’s Social Security payments.

Because of the calendar, Social Security recipients who get Supplemental Security Income benefits get two checks in May, but no check in June.

A policy under the Biden administration provided relief to beneficiaries, who often live on the fringe of poverty, capping clawbacks at 10%.