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

Some Social Security recipients will begin receiving reduced monthly payments starting in late July, as the Social Security Administration implements new overpayment recovery policies. The SSA announced in April that it would begin withholding 50 percent of benefit payments from recipients who have been overpaid,