Alaska’s popular Permanent Fund Dividend (PFD) program is returning in 2025. This program has given residents over $15,000 in the past 10 years as a type of yearly stimulus check. But in 2025, payments might be smaller due to Alaska’s growing budget deficit.
This article explains the possible changes, the latest updates, the 10-year payment history, and who is eligible to receive the PFD in 2025.
What Is the Alaska Permanent Fund Dividend?
The Alaska Permanent Fund Dividend is a yearly payment given to residents of Alaska. It comes from the state’s oil and gas profits and is managed by the Alaska Permanent Fund Corporation. The main goal is to share the state’s resource wealth with all eligible citizens.
In recent years, the PFD has acted like a stimulus check, especially during times of economic hardship.
Payment History of Alaska PFD Over the Last 10 Years
Here’s a look at what residents received from 2015 to 2024:
2015 – $2,072
2016 – $1,022
2017 – $1,100
2018 – $1,600
2019 – $1,606
2020 – $992
2021 – $1,114
2022 – $3,284 (highest ever, included energy relief)
2023 – $1,312
2024 – $1,702
Average PFD payment (2015–2024): $1,580
So far, the program has distributed more than $15,000 in total to each eligible person during this period.
Will There Be a PFD Payment in 2025?
Yes, a PFD is expected in 2025, but the amount may be lower. Alaska lawmakers are dealing with a budget deficit of over $70 million. Some want to cut the dividend to save money, while others prefer using state savings instead of reducing the PFD or creating new taxes.
One estimate suggests that the 2025 PFD could be around $500, much lower than the average in past years.
Budget Challenges and Political Debate
The Alaska Senate recently cut $200 million from the proposed budget, but the deficit still remains. Lawmakers are divided:
Senate Majority: Against using state savings.
House and Governor Mike Dunleavy: Prefer using savings, not raising taxes.
Rep. Zack Fields: Says a “safe” PFD is around $500 in 2025.
A bill to tax tech companies was approved, but changes to oil tax credits were rejected. Even if tax reforms go through, they will add less than $200 per recipient, which isn’t enough to cover a full PFD.
Who Qualifies for the PFD Stimulus in 2025?
To get the 2025 PFD, you must meet the following rules:
You must be a resident of Alaska for at least one full year.
You must have spent at least 72 hours in Alaska in the last 24 months.
You must not plan to move away from the state.
You must not have been convicted of a serious crime in the last year.
People with certain criminal records since 1997 may also be disqualified.
If your 2024 application status is marked “Eligible-Unpaid” by January 8, 2025, you will receive the payment on January 16, 2025.
The Alaska PFD program continues to be an important source of income for residents. While payments in 2025 might be lower due to financial issues in the state, eligible Alaskans will still receive support.
Over the past 10 years, this program has paid out more than $15,000 per person. As discussions continue, residents should stay updated and make sure they meet the eligibility criteria to receive the next check.
