The PFD is responsible for channelling a portion of the profits from natural resources, with the aim of ensuring that the benefits of the state’s oil and gas revenues are shared directly with its residents.
The Alaska Permanent Fund was created in 1976 to manage through the Alaska Permanent Fund Corporation the state’s oil revenues and distribute them to its residents, who in December are on the list of those eligible to receive a boost at the end of 2024, eligible beneficiaries who have a rating of “Eligible-Not Paid”.
How Do I Apply For The Alaska PFD?
Applications for the PFD are made each year from January 1 to March 31 by mail or online and must be submitted for each family member.
To be eligible, you must be a registered resident of Alaska, have lived in the state for a minimum of 12 months and have no plans to leave in the near future.
It is essential to have had a minimum of 72 continuous hours within Alaska in the previous 24 months, and they must not have been imprisoned for a felony within the last year or for a misdemeanour if they were previously convicted of a felony or two misdemeanours since January 1, 1997.
Eligible residents will receive a $1,312 payment through the stimulus program, which aims to encourage spending and investment. The support to be distributed to 600,000 residents will increase to $1,702.
On the PFD’s website, they state that “2024 (and prior year) dividend applications that are in ‘Eligible-Not Paid’ status on December 11, 2024, will be distributed on December 19, 2024,” while those “in ‘Eligible-Not Paid’ status on January 8, 2025, will be distributed on January 16, 2025.”
