The Social Security Administration says it has processed 2.5 million retroactive payments to people previously locked out of retirement benefits.

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

Effective June 18, 2025, this new policy allows SSA to retain a percentage of beneficiaries' monthly payments, marking a fundamental shift in the administration's focus from what was intended to be for retirees.