$1,702 Stimulus Payment: Many people living in Alaska will soon receive a $1,702 payment through a special program called the Permanent Fund Dividend, or PFD. This money is not a regular stimulus check from the federal government. It comes from the state’s oil money and is part of a yearly payment plan made just for Alaskan residents.
The PFD program helps people who live in the state all year and choose to stay in Alaska for the long term. It’s meant to support families dealing with tough money problems and also give more people a reason to live in Alaska, even though it’s not always a popular place because of the cold weather.
Social Security Retirement Age Update 2025: What you Need to know About Full Benefits
The total amount for 2024 is $1,702. This payment is made of two parts: a base amount of $1,403.83 and a bonus part of $298.17. Together, they are paid in one deposit. The program helps people live better and have more support, especially when prices and costs are going up all over the country. This shows how the state is using its resources, like oil income, to take care of its people directly.
Who Can Get the PFD and When?
To qualify for this $1,702 payment, people must have lived in Alaska for the full year of 2024. They also have to plan to stay there as permanent residents. The state wants to give this money only to people who really live in Alaska and are not just visiting or staying for a short time.
People who left the state for more than 180 days, or tried to live in another state, won’t qualify. Also, anyone with a criminal conviction or serious legal trouble won’t be able to get the payment either.
What Income Do You Need for Max Social Security Benefit of $5,108?
Some payments already started going out on June 18. But more payments will be made later. If your application says “Eligible – Unpaid” by July 9, 2025, then your money will be sent on July 17, 2025. If the same status shows by August 13, 2025, then the money will arrive by August 21, 2025. The state makes sure to check everything carefully before sending out the payments.
