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The political cost of the benefit is high. JUNEAU, Alaska (AP) ? Nearly every Alaskan will receive a $1,312 check starting this week, their annual share from the earnings of the state's nest-egg oil fund.
Permanent Fund Dividends per Alaskan are set to be $1,304 in fiscal 2024. The fiscal 2024 budget prioritizes investments in public safety, public education, and economic development.
You may be absent from Alaska in a calendar year for up to 180 days for any reason and still be eligible for a dividend, as long as you meet all other requirements of the program. For certain absences, you may still be eligible for a dividend even though you are absent from Alaska for more than 180 days.
Lawmakers had discussed a potential $500 increase to dividend amounts if the price of oil maintained a level of around $83 per barrel, but that would apply to checks issued in 2024. Last year, eligible Alaskans received a $3,284 PFD, which included a $650 energy relief check.
Since 1982 every qualified Alaskan resident does indeed get paid just for living here, once-a-year, in the form our truly unique Permanent Fund Dividend disbursements. There are rules and regulations, the amount changes wildly, and no one is quite sure how to manage it sustainably for the future.
For several years, a draw from the Permanent Fund has made up a large part of the state's spending on services like education and public safety. This year, the $1,312 dividend will amount to more than $881 million in total state spending, with more than 600,000 Alaskans eligible for the payment.
Thursday, September 21, 2023 (Juneau, AK) ? Today the Department of Revenue announced the calculation of the 2023 Permanent Fund Dividend (PFD) as $1,312. The amount allocated for the dividend has been determined each year since 2016 by the Alaska Legislature.
The 2023 Permanent Fund Dividend amount is $1,312.00.