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Most Alaskans get $900 in oil wealth checks

Posted: September 18, 2013 - 11:38am

ANCHORAGE, Alaska (AP) — Nearly every Alaska resident will receive a check for $900, as this year's share of the state's oil wealth.

Acting Revenue Commissioner Angela Rodell made the announcement during a Wednesday morning ceremony in downtown Anchorage.

This year's payout wasn't expected to be much because of the recession.

The dividends are distributed annually to people who have lived in Alaska for at least one calendar year. The amount is based on a five-year rolling average of the $47 billion Alaska Permanent Fund's investment earnings.

This year's average includes 2009, a recession year when the fund posted a $2.5 billion net loss in statutory net income.

Last year's dividend was $878 per person, the lowest since 2005.

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Watchman on the Wall
2893
Points
Watchman on the Wall 09/20/13 - 02:06 pm
0
1
YEA! I'm going to put my

YEA!
I'm going to put my money in my 801K by spending it on charities in support of Jewish people ministries here in America and Israel. I also will spend some at the Kenai Senior center for helping needy seniors there.
I may even buy a box of 22 shells & a MRE if I can afford them, it may be one or the other, not both. I better do my first two donations before I run out of funds though, before considering the last two ideas for self.
I am thankful for this money and appreciate Gov. Jay Hammonds for sight for future Alaskans to benefit from our states oil revenues.

JohnPeterZenger
729
Points
JohnPeterZenger 09/20/13 - 09:20 pm
1
1
You're thankful?

You've been taken to the cleaners, the Permanent Fund has been mismanaged for years, yet you are 'thankful'.

Jay Hammond did have a good idea, (he, together with several other folks), .....too bad that good idea isn't what is going on today with the Permanent Fund.

Watchman on the Wall
2893
Points
Watchman on the Wall 09/21/13 - 08:57 am
0
0
Not only I, but every Alaskan

Not only I, but every Alaskan has been taken to the cleaners by investors in the stock & housing market.
Back before the crash of 2008 when the market fell 777 points I got every cent out of my 401k which was not much more than the cost of the penalty, but I saved more that I lost, barely. Alaska did not get out of the market and it cost us all dearly. Looking ahead to 2015 exactly 7 years from this Harbinger we will see the last of the money laundering and it too should happen on or around September 11, 2015.
So yes, I am thankful for this little we get because I know that it's not going to last much longer and I can give this Little$ to help others while it lasts.

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