2017 Alaska PFD: Announcement, Amount, and News 174


Last Updated July 2017 with information on the legislative session.

Note: This page will be updated in real time as any new information about the PFD becomes available each year including dates and times of any announcements.2016 alaska pfd

Does this page look familiar? That’s because it probably is. I’ve been updating this PFD information page since 2008. As a life-long Alaskan, the PFD is, of course, on my list of interest. As a website owner, I thought, what the heck, why not add a news and update page for the PFD?  At the very top of the page you’ll always see a “last updated” message to verify all info is current and from this year.

When will the 2017 PFD be announced?

The amount of the Alaska permanent fund dividend is usually announced in mid-September, typically the 18th to 22nd sometime.

Will There Be a 2017 PFD?

As the state faces a budget “crisis,” attempts to restructure the PFD program to fund the government continue.

Governor Walker’s push for the PFD began with SB 128 in 2015, which passed in the Senate, but failed to pass in the House and was deemed “dead” as the session ended. However, Walker was bent on cutting into the PFD…

On June 29, he vetoed a portion of the PFD funding on the state budget limiting the 2016 PFD to $1,000. That has never been done before, but any veto can be overridden by the legislature with a majority vote.  None the less, they did not use that power and the veto stood.

Walker released his budget plan for 2017 on December 15, 2016. This plan included a new (nearly identical) bill to SB 128. This, and other bills like it, struggled for passage, and remained undecided as the legislative session (and extensive special sessions) came to a close. Regardless, the operating budget did pass in both the House and Senate on June 22, 2017. This budget appropriated only $8,611,800 for PFD payments versus $1,501,000,000 by the normal calculation method. This is expected to cap PFDs around $1,100, where as by the normal method, PFDs were projected at $2,220. As no bill has been passed to permanently change the calculation method, the fight continues to save the Alaskan PFD. The legislature took up the capital budget in a late-July special session and passed a budget that also does not fully fund PFDs on July 27, 2017. This leaves the outcome of the Supreme court case to restore 2016’s PFD the last hope of restoring the PFD to it’s rightful amount.

There is currently a campaign to recall Walker as well as a law suit.

Updates on the Walker Recall:

Signature drives are ongoing across the state, though the group has been unavailable to provide a current signature count to me. You can find dates and times for events near you via the recall walker Facebook page found here or the recall Walker website.

Updates on the court case:

Bill Wielechowski, along with former Republican Alaska Senate presidents, Clem Tillion and Rick Halford, filed a suit September 16, which was later ruled in the State’s favor on November 17, 2016 by Judge William Morse. Wielechowski has filed an appeal with the Supreme court. There was a hearing on Tuesday, June 20 at 1:30pm. No verdict was issued during this hearing, it was stated a written response would be issued later (no date was promised).

Updates can be viewed on the state website here.

Supreme Court Case No. S16558

How much was the 2016 PFD and how much will the 2017 PFD be?

The 2016 PFD was $1,022, just over the $1,000 cap.  For the 2017 PFD, the current budget has set PFD’s at $1,100.

How much would have the 2016 PFD have been without the cap?

As many of us know, the PFD amount is usually calculated using the last five years of the fund’s returns by:

-Adding the fund’s Statutory Net Income from the last 5 years.
-Multiplying by 21%.
-Dividing by 2.
-Subtracting the prior year obligations, expenses and PFD program operations.
-Dividing by the number of eligible applicants.

The fund did well in 2011 and 2013 gaining 20.6 percent and 10.5 percent respectfully, but in 2012, not so much. Volatile global stock markets added this extremely low year to the mix. It was that low year that dropped the PFD amount below $1,000 in 2013 as the high year in 2008 dropped off. Luckily, in 2014 and 2015, the fund had rebounded and the PFD amount came back up with it. Last years numbers were as follows:

(expressed as millions rounded)
FY 2011 2,143 -dropping off this year
FY 2012 1,568

FY 2013 2,928
FY 2014 3,531
FY 2015: 2,907

As low years begin to fall away, the fund should have offered high returns for residents over the next few years.

Just how high?

The actual 2016 PFD amount should have been $2,052. This means Walker robbed each and every Alaskan of about $1,022 or half their PFD.

The 2017 Alaska Permanent Fund Dividend has not been given a disbursement date, but typically this is early October.

 

 


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174 thoughts on “2017 Alaska PFD: Announcement, Amount, and News

  • MrRobbo2112

    Personally, I have been back working in Dutch Harbor for 4, just going on 5 years after a long hiatus. I signed up for PFD 3 years ago after becoming resident to Alaska. Granted, my home is not here. But, I spend nearly 10 months of every year here, spending all my living and extracurricular expenditures in Alaska for those annual durations. I know I deserve the PFD. I may not have then, but I certainly feel I do now. And, what really chaps my hide is that it appears that Gov. Walker has not even entertained the idea of residency duration or other stringent forms of diminishing wrongful applicants as a source of cutback/revenue. It is not the first time that Political hirees, by the people, have taken the easiest road possible to achieve these results during a budget crisis. Government recipe is to screw everyone across the board, mainly those that are deserving, knowing that it sets their agenda on a path for elimination altogether of funds for the people to put at their disposal. These avenues could have been researched and utilized as a solution during Walkers campaign a year and a half ago to cap the PFD. All the while, they were raking in the overtime, like a wildfire, on the taxpayers dime. I call him, and other elected officials involved out on sheer laziness, and a genuine lack of concern for Alaskan residents as result of their actions. Shameful!!!

  • David

    Why do people refer to it as free money it’s not as I understand as land owners we have no mineral right to the ground we own and that is tied into why we receive a pfd. Am I mistaken lived here all my life! Respect the military 100% but the pfd should not be alocated to people with a short term stay here if they can prove they will be stationed here for a considerable amount of years say 5 I could c them receiving it then. Alaska is a expensive state to live in and we are entitleted to the payout in plan English. It’s time the sheep stop taking the governments crap and stand up for there rights it’s time to ” Boston tea party there ass”

  • Cori Handsaker

    I love Alaska. But our leaderships lack of ambition has left this state stagnant as hell.

    Job growth relies solely onbtourism, oil and other very volatile sources.

    We struggle to maintain the massive infastructure and the government bloat that has occurred for years. Cutring the PFD is just like how the Fed tapped into SS with’ ‘the intent to pay it back’.

    I think its time to cash out the PFD and be done with it. Because its only a matter of time before they take it completely. Just look at the history if corruption in this country and state.

  • Anonymous

    I think it would be a good idea to pay according to the years you have been here, no PFD for the first 3 years lets see how many people come here for the Beautiful land as they say but really they are holding their hand out for Alaska Money. I really don’t think Military spouses or children should receive a PFD… and all they do is complain about not having malls up here but still hold their hand out as well for OUR MONEY…

    • Anonymous

      Excuse me?! As a Military spouse, Alaska is now my home and we have been here for almost two years. We will be staying for a while. Why should my daughter who is going to College here and myself not be eligible for the PFD?! We didn’t move here for the Dividend as it’s really not that much. We moved here for my husband’s career and also for the hunting and fishing. This is just an ignorant statement!

      • another anonymous

        You already have enough benefits, because people in the military usually already make enough money and have stable jobs whereas alot of us are seasonal and really need the money every year, its also hard to find a job up here in general if you dont have experience

  • no thanks

    If every alaskan native villages has jobs to offer please let us know only ignorant people who have jobs available to them say such things as get a job they probably haven’t lived in a small community at all where it is hard as heck to get a job so our government that wants to take our PFD’s even a little affect us people who live here all our lives i’m an alaskan native who is not counting out anyone who lives here all there lives it’s just the new comers who i’m sure will get upset and say they aren’t here for the PFD I’ve a job that is supposed to be good but its just not enough oh by the way i’m a manager who struggles to get by and can’t get what I want or my children want I’m not trying to sound discriminating but please don’t say your here for all the beauty alaska provides but it damn sure is beautiful even though I’ve lived here since forever. All us people who have lived here since forever shouldn’t be losing out on what our gov has made mistakes on like over buying insanly expensive weapons that probably don’t get used anyhow. All us life long residents should petition the gov to not touch our dividend, because were in alaska does everyone have a job or what villages are offering jobs to everyone if there is such a place let me know I would like to live were you live or get jobs i would love it if only there were jobs to let people have

  • 10+ resident

    I think they should limit residents who have lived here for 10 years or more then all these lower 48ers with 1-? Children come to Alaska for the perm fund dividends. Then the long term 10+ yrs will get what the state gives get rid of these greedy leeches go back where they came from. Alaska didn’t have to put Spanish in state papers to translate until 2015 and not fair to come here and get on public assistance and soak the government support and then talk about how they want PFd money and what they want to buy that really Urks me

      • Stephanie

        Do not agree, The 12 month period is perflectly decent to get the PFD, They shouldnt give PFD to the militaries already left the state.

    • Matt Green

      OK you are blaming lower 48’s? You better wake up and look at what’s going on in Bristol Bay. Look at the ads they are running in towns around the Mexican border, recruiting Hispanics to come to Alaska. How about blaming Alaska’s welfare system instead of griping and blaming people from the lower 48. I didn’t move up here for the pfd and I didn’t move up here with six kids. I don’t want a handout and I refuse to sign up for the pfd. You guys gripe about losing a handout so what makes you any different than people on welfare. You guys really believe it’s people from the lower 48 causing you guys to get your pfd cut? No, your wrong, its your state officials, that you guys elected, that are taking your pfd and putting it in their pockets. Because it’s not the lower 48 that dictates the Alaska government. This is classic example or divide and conquer and blame shifting. You guys are delusional. No body moves to one of the most expensive places in the USA just so they can get a little 1000 to 2000 dollar check once a year. Wake up people and go down to Anchorage and protest it then. Tell the officials you want all the bus lines and all the people on welfare to leave because that’s why they are cutting it. Alaska needs your pfd so they can keep from cutting welfare and to keep from cutting government jobs. It’s your state government and lazy people in Anchorage is where you pfd is going. It’s like this, how is someone going to move to Alaska and just make off a pfd every year? It’s not possible but you guys are stuck on the idea that Alaska is so much better than the lower 48 you can’t get your nose out of the air long enough to see that it’s Alaska screwing you out your pfd. You guys really think people move here for a little check. And if they do so what, they will never survive on it. I never heard of a pfd till after I got here. I came up here because I wanted to and ever since ive been here people act like im here to steal your pfd. Thank God I’m leavingin two months. IVe did nothing but bust my ass since I’ve been here and all I’ve heard is how much better Alaska is than the lower 48. But when I go to grocery store everything is from Mexico and China and it cost five times move up here and it’s have of the quality because of how far they ship. You guys have the biggest state and you import from China and Mexico just like the lower 48, except the food is a lot fresherand cheaper in the lower 48. Good luck 5 years from now when all the Mexicans in Bristol Bay have 5 kids a piece. It’s Mexicans and Asians that’s gonna be taking your pfd.

      • Anonymous

        People most certainly do come here for PFD to include those illegal aliens claiming 10 kids that live in another country. The PFD would double if the state cared enough to change its verification system. The PFD is not a handout to long time residents. It’s an investment paying out. I have only been here 2 years and completely agree with making the payouts available to those with at least 3-5 years if not more. I think sometimes we confuse rights with privileges. Alaska is an expensive place to live and for all those who have endured over the years should at minimum have a higher percentage than gold diggers or anyone else.

  • Chris Hodges

    Almost EVERYONE needs there full dividend AND the VAST MAJORITY of it goes RIGHT BACK in to the Alaska economy which is win-win. I like Gov Walker, BUT I disagree w/ him wholeheartedly. The entire notion of dipping into the people’s dividend to run the state government is unethical, lacks creativity and resourcesfulness, and is just senseless. There are plenty of OTHER ways to accomplish same thing. Let a team of ordinary Alaskan citizens balance the budget this year and results would be a zillion times better! That’s the Alaskan way and I’m not joking about this idea.

  • billy b

    for the rest of Alaskans that have been screwed over by the piss poor leadership of this state have suffered way too much in terms of unemployment, lack of job growth and opportunity, unnecessary employment restrictions, invasion of privacy and personal lives etc; that 1022 dollars makes all the difference in the world for struggling families trying to stay alive on minimum wage paying way too much for a shit hole apartment overrun by drugs, drug dealers and thieves. But then again what do i know? i only live in the same shit hole that everyone else can barely afford. i got an idea, don’t pay these people to make decisions for us if they refuse to listen to us.

  • Kyle

    I am thankful regardless if the amount is only 25% it helps with the burden of paying a bunch on heating fuel. As a homeowner in North Pole with no fire place as a secondary means of heat I have to fill up 2-3 times a year so that’s roughly a grand every time I fill up. So as long as we can get something to offset that tremendous cost of living during the winter (mostly) then we can make it work. With no PFD I would have to sell my house and move out of state as I wouldn’t be able to afford the high cost of living any longer. Yes I would like the full PFD of course but if this is the only way to ensure our PFD is there for our kids and their kids then so be it have at it. We just need a little something to get us through. So taking the whole PFD amount would be too much for a lot of Alaskans. That’s my thoughts on it anyway. Thanks for the article you’re doing everyone who reads it a great service.

  • Riley Capps

    Personally it’s a problem not knowing exactly how much it is. On one hand if it’s 2k I would love to deposit half of that into my college fund but if it’s only 1k I can’t afford to not take it all into my checking account.

    • unwirklich admin

      For sure, this is the first year where I’ve caught myself not relying on it, because we realistically may not get one at all. Once upon a time it was a sure thing, you got a PFD every year. You could use the 5 year average to get a rough idea of what the PFD would be as early as May when the corp releases their forecast, but now? Nothing is for certain.