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Alaska Permanent Fund Dividend
From Wikipedia, the free encyclopedia
| Year | Dividend |
|---|---|
| 2007 | $1654.00 |
| 2006 | $1106.96 |
| 2005 | $845.76 |
| 2004 | $919.84 |
| 2003 | $1107.56 |
| 2002 | $1540.76 |
| 2001 | $1850.28 |
| 2000 | $1963.86 |
| 1999 | $1769.84 |
| 1998 | $1540.88 |
| 1997 | $1296.54 |
| 1996 | $1130.68 |
| 1995 | $990.30 |
| 1994 | $983.90 |
| 1993 | $949.46 |
| 1992 | $915.84 |
| 1991 | $931.34 |
| 1990 | $952.63 |
| 1989 | $873.16 |
| 1988 | $826.93 |
| 1987 | $708.19 |
| 1986 | $556.26 |
| 1985 | $404.00 |
| 1984 | $331.29 |
| 1983 | $386.15 |
| 1982 | $1000.00 |
The Alaska Permanent Fund Dividend program of the U.S. state of Alaska, popularly known as the PFD, was created by state legislation in 1980 to share the wealth of the Alaska Permanent Fund with the people of Alaska. The original program was to give each adult Alaskan resident $50 for each year of residency, but this was challenged in court by Ron Zobel and payments were put on hold. The U.S. Supreme Court ruled the program unconstitutional, and the Legislature authorized equal dividend payments to all people who had lived in Alaska at least six months. In 1989, the Legislature changed the residency requirement to 24 months, but that change was challenged in court and dropped to one calendar year, which requirement is still in effect.
The dividend payments are based on a five-year average of the Permanent Fund's earnings, which helps to stabilize the dividends as the stock market and oil market changes from year to year.
The Alaska Permanent Fund Corporation has pushed in recent years for a change in the fund's management style to a Percent of Market Value approach, which is used by many other trust fund management agencies. Changing the fund's management approach requires a constitutional amendment to the Alaska Constitution. This would also affect how dividends are calculated and is a matter of continuing controversy in Alaskan politics.