Alaska residents are once again preparing to receive their Permanent Fund Dividend (PFD), a unique benefit that distributes a portion of the state’s oil and gas revenue directly to qualifying individuals.
This payment helps Alaskans cover essential expenses like housing, food, and healthcare. But how does the PFD work, who is eligible, and when can you expect your payment? Let’s break it down.
Table of Contents
Fund
The Alaska Permanent Fund was established in 1976 to manage the state’s oil wealth responsibly. Overseen by the Alaska Permanent Fund Corporation (APFC), this investment fund ensures that a portion of the revenue from natural resources benefits residents directly.
Instead of letting oil profits disappear into state budgets, the PFD guarantees that everyday Alaskans share in the wealth generated from these resources.
Eligibility
Not everyone automatically qualifies for the PFD. The program has strict residency and legal requirements to ensure the funds go to those who genuinely live in Alaska. To be eligible, you must:
- Be a registered resident of Alaska.
- Have lived in the state for at least 12 consecutive months.
- Not have plans to move out of Alaska soon.
- Have been physically present in Alaska for a minimum of 72 hours in the last 24 months.
- Not have been incarcerated for a felony in the last 12 months.
- Not have been jailed for a misdemeanor if you have previous felony or multiple misdemeanor convictions (since January 1, 1997).
These requirements ensure that only committed Alaska residents receive the benefit.
Application
Applying for the PFD is relatively simple. The application period runs from January 1 to March 31 each year, and you can apply either online or by mail. Each eligible family member must submit a separate application.
After submitting an application, you can check its status on the PFD website. If your application is approved and marked as “Eligible-Not Paid” by March 12, 2025, you can expect your PFD payment on March 20, 2025.
Payment
For 2024, the PFD has increased to $1,702 per eligible resident. This means that an estimated 600,000 Alaskans will receive their share of the fund, providing a significant financial boost for many families.
| Year | PFD Amount (per person) | Estimated Recipients |
|---|---|---|
| 2024 | $1,702 | 600,000 |
The exact amount varies each year depending on the performance of the Permanent Fund investments and the state’s oil revenue.
Alaska’s PFD is a unique program that ensures residents directly benefit from the state’s natural resource wealth. Whether you’re using it for everyday expenses or saving for the future, the PFD remains an essential financial asset for many Alaskans. If you’re eligible, make sure to apply on time to secure your payment!
FAQs
How much is the 2024 PFD payment?
The 2024 Alaska PFD payment is $1,702 per eligible resident.
When is the next PFD payment date?
The next PFD payment will be distributed on March 20, 2025.
Who qualifies for the Alaska PFD?
Alaska residents who meet residency and legal requirements qualify.
How do I apply for the PFD?
You can apply online or by mail between January 1 and March 31.
Can felons receive the PFD?
Felons and some misdemeanor offenders may be disqualified.