(SitNews) Juneau, Alaska - Governor Sean Parnell announced this morning that the 2014 Permanent Fund Dividend (PFD) will be $1,884.00. The first dividends will be paid on October 2, when approximately 510,731 applicants will receive a direct deposit into their bank account, and 88,186 will be mailed a check. Paper checks will enter the U.S. mail system on October 2 from Juneau.

674,538 Alaskans applied for the 2014 dividend this year – an increase of approximately 1,587 applications from 2013.

Alaska Governor Sean Parnell announced the amount of the 2014 Permanent Fund Dividend this morning during a news conference. Wednesday, September 17, 2014.
Photo courtesy Office of the Governor

More than $944.4 million will be directly deposited into Alaskans' bank accounts this year, with a total distribution, including checks, of $1.1 billion. Beginning October 2, and continuing monthly thereafter, applications that become eligible will be paid either by check or direct deposit.

Alaskans wondering about their application status may use the “myPFDinfo” online portal. It is a quick and easy way to review current and prior year application information. To use this feature, applicants should visit pfd.alaska.gov and click on the blue “myPFDinfo” button. To log in, applicants will need an Alaska driver’s license, Alaska ID, or myAlaska credentials.

The Pick.Click.Give. program had 26,850 applicants go online and pledge 44,693 individual charitable contributions, amounting to approximately $2.8 million, the highest totals since the program began six years ago. 511 nonprofit organizations benefited from the voluntary program this year.

The fund has recovered from the losses of 2009. Following the Great Recession, on June 30, 2009, the fund had a balance of $29.9 billion. By June 30, 2014, the corporation had rebuilt and grown the fund to $51.2 billion – a 71% increase.

“I want to congratulate the staff and trustees of the Permanent Fund Corporation on meeting the financial challenges of the last 5 years and for building Alaskans’ fund into a legacy we can all be proud of. I also want to extend my thanks to the Department of Revenue staff who processed the many applications,” Governor Parnell said.

This year marks the 33rd dividend paid to Alaskans. An individual who qualified for all of the Permanent Fund Dividends to date has received $37,027.41. Following the 2014 dividend payment, the total funds disbursed to Alaskans by the division since inception of the dividend program, including the Resource Rebate, will total more than $21.9 billion.



Edited by Mary Kauffman

Source of News & Photograph: 

Office of Gov. Sean Parnell
www.gov.state.ak.us

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