Q. I have many questions; however, right now it is about the state paid annual revenue. How does one qualify, and is it still possible? I know establishing residency is necessary but does this annual resident payment continue, as I’ve heard, even after one has moved away from Alaska? -Dean
A. Hi Dean. You are asking about what we call the Permanent Fund Dividend. Actually, today was our ‘payday’! Yeah! It is the payout the state gives to all residents from the oil revenue generated by the state. It has been given each year – in early October – for many years now, to every resident, without exception – even newborn babies.
The Permanent Fund Dividend has usually been between approx. $800. and a thousand something – once was up to $1,800. seems like I remember. Usually it is a bit over a thousand. Today our checks were for $845.76.
Yes, it is an ongoing thing; however, you are correct you have to qualify. You have to be a resident of the state for one whole year before you can apply. Each January the applications appear in our mailboxes and we have til something like April 1st to get them turned in. Not sure of the ‘send in by’ date, because I always scramble to get mine right back into the mail. Love that PFD!! For instance, some family members moved up here this summer, but they won’t be considered residents until end of July 2006….and then it will be January 2007 before they can apply, making their first checks come in October of 2007.
Now for the bad news. You were misinformed about being able to receive it even if you move away from Alaska then. There are some specific exceptions such as going out of state for college; or the military assigning you some place else, but you can’t just come, qualify, and then go on your merry way to live in another state. You have to be an Alaskan….but you’d never regret that even if there were no dividend! -BJ