This Month’s $1,312 Stimulus Payment: Find Out the Exact Payment Date
According to Marca , The Alaska Permanent Fund, established in 1976 to manage the state’s oil revenues, remains an essential financial resource for Alaska residents. Through the Permanent Fund Dividend (PFD) program, eligible Alaskans receive an annual payment—$1,312 this year—sharing in the state’s natural resource wealth. This unique initiative, managed by the Alaska Permanent Fund Corporation, ensures that a portion of oil and gas revenues directly benefits residents, helping cover costs for essentials like food, housing, and healthcare.
Upcoming Increase in the PFD
Next year, the PFD amount will increase to $1,702, with approximately 600,000 Alaska residents eligible. This boost aims to support residents as the state encourages economic spending and investment.
Eligibility and Application Requirements
To qualify for the PFD, applicants must meet the following criteria:
- Reside in Alaska for at least 12 consecutive months and have no intention of moving.
- Not claim residency in another state and spend at least 72 continuous hours in Alaska within the last two years.
- Have no felony imprisonment or qualifying misdemeanor history for the past year if they have prior convictions.
The application window runs from January 1 to March 31 each year. Applications can be submitted online or by mail, and each family member, including children, must complete an individual application.
Also Read – Social Security’s Warning: Avoid This Mistake to Get SSDI Payments on Time
2023 Distribution and What’s Next
This week marked the final distribution for 2023’s $1,312 PFD payments. Recipients awaiting their payment should contact the Department of Revenue if they haven’t yet received it. The last direct deposits and checks for 2023 were issued on October 26.
For 2024 and prior years, applications marked as “Eligible-Unpaid” by November 13, 2024, will receive payment on November 21, 2024. Residents should monitor for updates on the Department of Revenue’s website for future distribution dates.
