Most Alaskans to Get $1.9K Just for Living There

This year's Alaska Permanent Fund dividend check is a good one
By Arden Dier,  Newser Staff
Posted Sep 18, 2014 9:05 AM CDT
Most Alaskans to Get $1.9K Just for Living There
Alaska Gov. Sean Parnell tells an audience in Anchorage, Alaska, the amount of this year's Permanent Fund dividend on Sept. 17, 2014.   (AP Photo/Rachel D'Oro)

It's good to be an Alaskan: Gov. Sean Parnell yesterday announced residents will pocket $1,884 by way of this year's Alaska Permanent Fund dividend, the Alaska Dispatch reports. That's a nice bump from last year's $900 payout and the third largest since the payments from the state's oil wealth savings account began in 1982. (The fund was established in 1976 after the discovery of oil on Alaska's North Slope.)

Available to all residents born in Alaska on or before Dec. 31, 2013, or those who have lived in the state for one year, the payout is "based on a five-year average of the fund's investment earnings," the AP reports. In total, a resident could have collected $37,027 over the years—though, of course, that doesn't include federal taxes paid on the dough. (More Alaska Permanent Fund Dividend stories.)

Get the news faster.
Tap to install our app.
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.