Alaska Profit Sharing Plan

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Control #:
US-CC-22-161
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This sample form, a detailed Profit Sharing Plan document, is a model for use in corporate matters. The language is easily adapted to fit your specific circumstances. Available in several standard formats.
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FAQ

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.

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.

Eligible recipients, who have not received pension benefits during the entire preceding calendar year, will receive a prorated PRPA. If you meet these requirements or are age 60 to 64 on July 1, 2023, you will receive 50% (3.948%) of the Consumer Price Index (CPI) change during 2022.

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.

The Permanent Fund Dividend (PFD) is a dividend paid to Alaska residents that have lived within the state for a full calendar year (January 1 ? December 31), and intend to remain an Alaska resident indefinitely. This means if residency is taken on January 2, the "calendar year" would not start until next January 1.

If you are absent for more than 180 days for a reason other than one specifically listed in Alaska Statute 43.23. 008(a), you will not be eligible for a dividend.

This year's Permanent Fund dividend will be $1,312, the Alaska Department of Revenue announced Thursday.

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Alaska Profit Sharing Plan