Alaska’s Permanent Fund gives residents yearly cash from oil revenue, helping families pay bills, buy food, and support the local economy.
Source: WINK News
Alaska $1,702 PFD Payment October: People in Alaska are getting ready for the next round of payments from the Alaska Permanent Fund, also called the PFD. This fund helps thousands of residents every year and is also meant to encourage people to stay in Alaska.
Alaska takes money from oil to give people cash This helps families and the local economy The PFD has been there since 1980s It gives extra money for food bills and everyday stuff so people can live easier
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The Alaska Permanent Fund works like a big savings account for the state. A portion of the oil income goes into this fund, and every year, residents who qualify get a dividend. These payments act like a small stimulus and are very important for families, especially in a state where living costs can be high. People look forward to them because they can plan around these payments to pay bills or buy essentials.
This year, the next PFD payments will happen in October and November. Dividend requests that are “Eligible – Unpaid” until September 18, 2025, will be paid on October 2. Requests still unpaid by October 13 will get their money on October 23. Applications still unpaid by November 12 will be paid on November 20.
Eligibility
Not everyone can get these payments. To be eligible:
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These rules make sure that the fund helps people who really live and work in Alaska.
People in Alaska get excited about this payment. It helps them pay for things like rent, food, and daily needs. The PFD shares the state’s oil money with everyone, giving families support and helping the local economy grow.
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