Alaska offers a special way of sharing its wealth with its people through the Permanent Fund Dividend (PFD). This yearly payment is given to eligible residents, and in 2024,
there’s an extra $300 energy relief check to help Alaskans manage high energy costs. This initiative is part of the state’s effort to share the benefits from its energy and mineral resources with residents.
What Is the Permanent Fund Dividend (PFD)?
The PFD is a payment given to eligible Alaska residents every year. This money comes from the state’s wealth generated by its oil and mineral resources.
In 2024, Alaska will distribute $914 million, meaning each eligible person will receive a total of $1,702. This includes two parts:
- Permanent Fund Dividend: $1,403.83
- Energy Relief Payment: $300
The extra $300 payment is meant to help people manage the high energy costs in Alaska, especially with its cold weather.
Important Dates for the 2024 Payments
Alaska has set dates for residents to receive their payments. If your PFD status shows “Eligible-Not Paid” as of October 18, you will receive your payment on October 26.
The payments will be sent either through direct deposit or as paper checks, depending on the option selected during the application process.
Eligibility Requirements for the 2024 PFD
To qualify for the 2024 PFD, residents must meet certain criteria:
- Residency: Applicants must have lived in Alaska throughout 2023 and plan to stay in the state.
- Criminal History: People convicted of a felony in 2023 are ineligible for the PFD.
- Absence Limits: Residents who were absent from Alaska for more than 180 days in 2023 need to meet specific conditions to remain eligible.
These rules ensure that the PFD benefits only those who live in Alaska full-time and contribute to the state’s community.
The Impact of the $300 Energy Relief Payment
Alaska’s energy relief payment helps residents pay for the high cost of energy. Due to Alaska’s cold climate, many families face high heating and electricity bills.
The $300 relief check provides some assistance, especially for families with lower incomes or those struggling to meet their energy costs.
While the energy relief payment is a one-time boost, it can make a big difference in the finances of Alaskan families. The PFD combined with the energy relief payment provides $1,702 per person, which can help with bills and daily expenses.
How to Check Your Application Status
To track the status of your PFD application, you can use the online tool MyPFD.
This tool allows you to check if you’re eligible, see where your payment is in the process, and find out about any updates to your application. It’s easy to access and keeps you informed about your payment.
Alaska’s Permanent Fund Dividend (PFD) and the additional $300 energy relief payment in 2024 offer important financial support to residents.
The PFD is a way for the state to share the wealth created by its natural resources, while the energy relief payment helps families deal with the high costs of living, especially energy bills.
These efforts show how Alaska is committed to supporting its people and ensuring they benefit from the state’s resources.
What is the Permanent Fund Dividend (PFD)?
The PFD is a yearly payment given to Alaska residents from the state’s natural resources. In 2024, the total payment is $1,702, which includes $1,403.83 from the Permanent Fund and an extra $300 for energy relief.
Who is eligible for the 2024 PFD?
To qualify, you must have lived in Alaska for the entire year of 2023 and plan to stay. You cannot have been convicted of a felony in 2023, and if you were absent from the state for more than 180 days, you need to meet specific conditions.
How can I check the status of my PFD application?
You can use the MyPFD tool online to track your application, check if you’re eligible, and see when your payment will be issued.
When will the 2024 PFD payments be made?
Payments will be made on October 26, 2024, for those who are “Eligible-Not Paid.” Payments will be through direct deposit or paper checks, depending on your chosen method during the application process.
How does the $300 energy relief payment help residents?
The $300 energy relief check helps Alaskans cover the high cost of energy, especially in winter. It is a one-time payment meant to ease the financial burden caused by rising heating and electricity costs in the state.
