According to Marca , The Alaska Permanent Fund, established in 1976 to manage the state’s oil revenues, continues to provide substantial financial support for Alaska residents. Eligible residents will receive a $1,312 payment from the Permanent Fund Dividend (PFD) program, a unique initiative that shares Alaska’s oil and gas revenue with its people. Managed by the Alaska Permanent Fund Corporation, the fund serves as a reliable source of income, helping residents meet essential expenses such as food, housing, and healthcare.
With plans for next year, approximately 600,000 Alaskans are expected to be eligible for an increased payment of $1,702.
Eligibility and Distribution of PFD Payments
To qualify for the PFD, applicants must be Alaska residents for at least 12 consecutive months with no plans to move, must have been present in the state for at least 72 continuous hours in the past two years, and cannot have a recent felony or certain misdemeanor convictions. Applications are accepted annually from January 1 to March 31, and each family member, including children, must submit an individual application.
Also Read – Up to $472 in SSI Payments for Eligible Beneficiaries – New Date Revealed
2023 PFD Payments and Future Distributions
The 2023 PFD payments have been distributed, with the last payment sent by check on October 26. Residents can receive payments through direct deposit or by check, though direct deposit is generally faster. Anyone who believes they are eligible but has not received their 2023 payment should contact the Department of Revenue to verify their application status.
For 2024, dividend payments for applications in “Eligible-Unpaid” status by November 13, 2024, are scheduled to be distributed on November 21, 2024.
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