Alaskans are gearing up to receive the 2024 Permanent Fund Dividend (PFD) stimulus check, amounting to $1,702 per eligible resident. This year’s increased payment, up from $1,312 in 2023, highlights Alaska’s ongoing commitment to sharing its oil and gas wealth with its citizens.
$1,702 Stimulus Check-like Payment Brings Financial Relief
The PFD program is a hallmark of Alaska’s unique approach to resource management. This year’s stimulus check-like payment includes a $1,403.83 base dividend, drawn from the fund’s $914 million reserve. In addition, a $298.17 one-time energy relief payment aims to ease the burden of rising energy costs, especially crucial during Alaska’s long, frigid winters. For many families, this boost comes at a vital time, providing significant financial support.
To qualify, applicants must have resided in Alaska for at least one year before applying and must meet specific eligibility criteria, including a clean recent criminal record. The application period ran from January to March 2024. Those whose applications are marked “Eligible – Not Paid” as of December 11 will receive their funds on December 19, 2024.
Payments will be distributed either through direct deposit or mailed checks, depending on the applicant’s preference during the submission process. For residents unable to access their bank accounts, the Alaska Department of Revenue offers assistance through its official platform.
The PFD program exemplifies Alaska’s dedication to its residents, turning natural resource wealth into direct financial benefits. The additional energy relief payment underscores the state’s understanding of its citizens’ unique challenges, particularly the high heating costs during the harsh winter months.
With over 600,000 Alaskans set to receive this stimulus check-like payment, the program not only provides immediate economic relief but also strengthens the connection between residents and their state’s natural resources. By ensuring wealth distribution and addressing seasonal hardships, Alaska reaffirms its leadership in creating a supportive, resilient community. This year’s PFD is more than a payment; it’s a testament to the state’s enduring commitment to its people.
