As 2025 starts, people in Alaska are getting ready to get their Permanent Fund Dividend (PDF) payment, which is the annual distribution of the money made from the state’s natural resources.
The Alaska Permanent Fund Corporation was set up in 1976 to handle the state’s oil revenues and give them to the state’s residents. These residents use the money to help pay for things like food, housing, and medical care.
The PFD’s distribution of a portion of natural resource earnings is meant to make sure that Alaskans directly benefit financially from the state’s oil and gas revenues.
The Alaska Permanent Fund Corporation is in charge of the budget, which gives people who qualify a steady source of income every year.
Who is eligible for the Alaska PFD and when is the next payment?
For the PFD, you can apply by mail or online every year from January 1 to March 31. You must apply for the PFD for each family member.
By 2025, the amount of help raised to $1,702, and about 600,000 Alaskans are now eligible. The PFD site says “2024 (and prior year) dividend applications that are in ‘Eligible-Unpaid’ status on January 8, 2025, will be distributed on January 16, 2025”.
You must be an official Alaskan resident, have lived in the state for at least one year, and have no plans to leave soon in order to be eligible.
To be eligible, they must have lived in Alaska for at least 72 hours straight in the last 24 months and not be in jail for a felony in the past year or for a misdemeanor if they have been convicted of a felony or two misdemeanors since January 1, 1997.
Also See :- It’s official – the list of months you’ll receive double payments from the SSA in 2025 has been released