Stimulus update: Payment worth up to $3,284 from Alaska fund to be sent in one day
Alaska Permanent Fund Dividend: Payments on the Way for Eligible Residents
While most eligible individuals have already received their 2022 Alaska Permanent Fund Dividend, there are still some residents who are eagerly awaiting their payment. The good news is that these individuals will receive their dividend in just one day.
The state has announced that payments of up to $3,284 from the Permanent Fund Dividend will be sent on September 14th to those who had the “eligible-not paid” status as of September 6th.
Benefits of the Permanent Fund Dividend
“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,” stated Governor Mike Dunleavy (R-AK) in a recent statement regarding the 2022 Permanent Fund Dividend payments.
The Permanent Fund Dividend program distributes payments to Alaska residents based on state mineral revenues for the year, with the aim of benefiting both current and future generations. The 2022 dividend amount is one of the largest in the program’s history.
Eligibility and Application Process
Alaska residents have the opportunity to apply for the dividend from January 1st to March 31st each year, with some exceptions for individuals who may need to apply past the deadline.
To be eligible for the payment, individuals must be Alaska residents who intend to remain residents of the state indefinitely at the time of application. Other qualifications include not being a convicted felon and not claiming residency in another state during the year of the dividend.
Payments being sent out on Thursday are specifically for the 2022 Permanent Fund Dividend. The distribution of payments for the 2023 dividend will begin in October.
For more information, click here to read more from The Washington Examiner.
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