Stimulus update: Payment from Alaska fund worth up to $3,284 to be sent in seven days

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Stimulus update: Payment from Alaska fund worth up to $3,284 to be sent in seven days

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Alaska residents who have not received their payment from the 2022 Permanent Fund Dividend and had “eligible-not paid” status as of Wednesday are set to receive their dividend in seven days.

Most eligible residents have received their payment of up to $3,284, but many of those remaining who have not will get their payments on Sept. 14, per the state.

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“The PFD at $3,284, a total of $13,000 for a family of four, can go a long way in offsetting the record-high costs of energy and food we’re experiencing, preparing for winter, paying off debt, saving for college, or any number of other purposes,” Gov. Mike Dunleavy (R-AK) said in a statement last about the Permanent Fund Dividend payments for 2022.

Recipients of the dividend must be an Alaska resident who intends to remain a resident of the state indefinitely at the time of filling out the application, along with other requirements such as not being a convicted felon and having not claimed residency in a different state during the year for the dividend.

Alaska residents can apply for the dividend payment from Jan. 1 to March 31 of each year. Although the state does not generally accept late applications for the program, there are some exceptions that allow applications to be sent past the deadline.

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The Permanent Fund Dividend in “the last frontier” sends out yearly payments to eligible residents based on mineral revenues from the state for that year “to benefit current and future generations” of residents of the state.

The Permanent Fund Dividend payment amount for 2023 has yet to be formally announced by officials in the state, but the 2023 payments are scheduled to be sent out to most eligible residents beginning next month.

© 2023 Washington Examiner

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