When I first heard of "PFD", I thought of Personal Flotation Device, I was quickly corrected and told that it stands for Permanent Fund Dividend. The dividend comes from Alaska oil royalties. This money is set aside into a special fund, which topped $50 billion this summer. This year was the 33rd dividend issued since the program began in 1982. That check came out to $1,000. The largest payout people have received thus far was in 2008 for $2,069, but in 1984 they received the smallest monetary amount to date totaling $331.29.
An Alaskan that has received every dividend will have collected a total of $37,027.41. Over its lifespan, the fund has paid out an estimated $22 billion. The amount is based on a five-year average of Permanent Fund investments. People who have lived in Alaska for more than one calendar year and plan to stay in the state are eligible to receive the PFD check. The oldest recipient of the dividend this year is 109 years old and the youngest individuals are 26 infants born on Dec. 31, 2013. (That date being the deadline to be eligible for the PFD.)
The basic eligibility requirements are:
To qualify for a 2014 Permanent Fund Dividend you must be able to answer yes to all of the following statements.
I was a resident of Alaska during all of calendar year 2013;
On the date I apply for the 2014 Permanent Fund.
Dividend, I have the intent to remain an Alaska resident indefinitely;
I have not claimed residency in any other state or country or obtained a benefit as a result of a claim of residency in another state or country at any time since December 31, 2012.
I was not sentenced as a result of a felony conviction during 2013; Incarcerated at any time during 2013 as the result of a felony conviction;Incarcerated at any time during 2013 as the result of a misdemeanor conviction in Alaska if convicted of a prior felony or two or more prior misdemeanors since January 1, 1997.
If absent from Alaska for more than 180 days, I was absent on an allowable absence; I was physically present in Alaska for at least 72 consecutive hours at some time during 2012 or 2013.
Information was gathered from The Alaska Department of Revenue Permanent Fund Dividend Division.
