The Alaska Permanent Fund Dividend (PFD) is a crucial financial program that shares the state’s oil and gas revenues with its residents. Established in 1976, this initiative ensures that the profits from Alaska’s natural resources benefit the people of the state, providing them with an annual income boost. The PFD encourages local spending and investment, making a significant difference for Alaskan families and individuals.
For the year 2025, eligible residents can expect payments based on the state’s careful management of oil revenues. Here’s everything you need to know about the PFD, including how it works, who is eligible, and key deadlines.
Alaska’s PFD Payment Details
- Payment Amounts: In 2024, eligible recipients received $1,312, with the 2025 payment expected to rise to $1,702 for around 600,000 beneficiaries.
- Program Purpose: The PFD distributes a portion of Alaska’s oil and gas revenue to its residents, managed by the Alaska Permanent Fund Corporation.
- Payment Methods: Most payments are made through direct deposit, which is fast and convenient, though checks are also available upon request.
When Are PFD Payments Issued?
PFD payments are typically distributed in October. In 2024, the last payment was made on October 26, with the majority of recipients receiving their funds through direct deposit. If you haven’t received your payment, you should reach out to the Department of Revenue to check your status. If your application is marked as “Eligible-Unpaid,” it will be processed according to the instructions on the official PFD website.
Who Qualifies for the $1,312 Stimulus Payment?
To qualify for the PFD, applicants must meet the following residency and legal requirements: