October 3rd, PFD Deposit Day

first_imgFacebookTwitterEmailPrintFriendly分享This year’s Permanent Fund Dividend is being direct deposited on Thursday, October 3. Governor Mike Dunleavy campaigned on a Permanent Fund dividend for residents paid in line with a longstanding calculation that has not been followed since 2016 as the state has grappled with a budget deficit. Such a dividend would equate to checks of about $3,000 this year. Dunleavy: “Finally, now that the budget has been addressed, the full PFD will be the focus in this next special session, the sole focus. I will not let up until the remaining funds are appropriated for the full statutory PFD. I know Alaskans understand this decision and I appreciate all of your input.” According to the Permanent Fund Website payment schedule:Direct Deposit Mass Payment**  2019 (and prior year) dividend applications that are in “Eligible-Not Paid” status on September 26th, 2019 will be distributed on October 3rd, 2019.**Paper Check Mass Payment**  2019 (and prior year) dividend applications that are in “Eligible-Not Paid” status on October 11th, 2019 will be distributed on October 24th, 2019. Lawmakers instead asked Dunleavy to consider dividends of about $1,600 this year. Last year’s capped payout amounted to $1,600 checks. Dunleavy said he considered this a ‘partial PFD payment’ and that the legislature understands their jobs are not finished and they must fix this “as soon as possible”. Dunleavy: “While there are some that support the full statutory formula, unfortunately some do not. In this years budget the Legislature sent me a $1,600 appropriation for the PFD, again not following the statutory formula.” last_img