Which of the following is true according to the Social Security benefits timeline?

The option indicating that payment times depend solely on the actual birthdate is true. Social Security benefits are typically disbursed on a schedule that is determined by the recipient's birth date. Specifically, individuals born on the 1st through the 10th of the month receive their benefits on the second Wednesday of the month, those born from the 11th to the 20th receive theirs on the third Wednesday, and those born on the 21st through the 31st are paid on the fourth Wednesday. This structured timeline helps to ensure an organized disbursement of funds based on individuals' birthdates, allowing for systematic payment processing by Social Security.

Other options discussing payment schedules lack the accuracy found in this correct statement. For instance, individuals can indeed change their payment dates under certain circumstances, payment is not always issued on the last day of the month, and the schedules are determined more by birth dates rather than service application dates. Understanding this connection between the birth date and payment schedule is essential for proper financial planning.