Alaskans will begin receiving their Permanent Fund checks in just two weeks, with the annual buying frenzy set to begin September 18th.
The checks this year are expected to be slightly down on last year’s $878, which was already the lowest since 2005. The fund is calculated on a five-year rolling average, which is now including the Fund’s disappointing 2009 results.
Michael Burns, CEO of the Alaska Permanent Fund Corporation, explained earlier this year…
Burns: “We just did the dividend transfer last week, a year ago; the dividend transfer was $605 million, that we sent to the Department of Revenue for your dividend. This year it was $604 million.”
The actual dollar figure for individuals will be announced in Anchorage on September 18.