Index
Alaska Permanent Fund Dividend (PFD)
Summary
Alaska pays its residents an annual cash dividend simply for living in the state, funded by the state's oil and mineral revenues.
Rights & Rules
- 01.You are eligible for the cash payment if you have been an Alaska resident for a full calendar year before the application period.
- 02.You must intend to remain an Alaska resident indefinitely.
- 03.Every eligible member of your family gets a check, including newborn children.
- 04.The amount changes every year based on the stock market performance of the Permanent Fund (often between $1,000 and $3,000 per person).
Penalties
- 01.You can lose your PFD if you are absent from Alaska for more than 180 days in a year (with some exceptions like military service or college).
- 02.You cannot get a PFD if you were sentenced or incarcerated for a felony during the qualifying year.
Verified Citations
Alaska Statutes Title 43, Chapter 23
Source"An individual is eligible to receive one dividend for a dividend year if the individual... has been a state resident for a period of at least one calendar year immediately preceding January 1 of the current dividend year..."