The Permanent Fund Dividend (PFD) is an annual stimulus payment, specifically disbursed to eligible Alaska residents, and it’s funded by oil and mineral revenues. Its amount varies according to legislative decisions and performance of the Permanent Fund, created in the 1970s. For 2025, the figure is under discussion, with proposals between $1,400 and $3,900.
The definition process includes negotiations between the Alaska House, Senate and Governor Mike Dunleavy. The state budget and the deficit, estimated at $1.5 billion, influence the final decision.
How much is the PFD stimulus check that was approved for 2025?
On April 16, 2025, the Alaska House of Representatives approved a $1,400 PFD one-time payment, under the “75-25” formula, which allocates 75% of the dividend. This figure was approved instead of the $3,900 initially suggested by Dunleavy, a proposal that was rejected due to its fiscal impact.
The $1,400 amount could be modified in the Senate, where lawmakers are considering reducing it to $1,000 to balance a $450 million deficit in two years. This discrepancy reflects tensions between benefits to citizens and the sustainability of the state budget.
Can you still apply for the PFD stimulus program?
No, new applications can no longer be submitted for the PFD payment program. Applications to claim this 2025 stimulus check closed on March 31. According to the Alaska Department of Revenue, nearly 600,000 applications were received. Residents can check their status on myPFD, although the status remains “pending” until final approval of the amount.
Those who have met Alaska permanent residency requirements and have no recent criminal convictions are eligible. Updates to data, such as address or banking information, must be made before official distribution.
Historical timeline and 2025 projections of the PFD program
In previous years, payments were made in October. For example, in 2024, direct deposits began on October 5. For 2025, a similar scheme is expected: deposits at the beginning of the month and physical checks towards the end, subject to budget approval.
However, legislative delays could affect the date. In 2023, the budget was approved in May, but prolonged debates in 2025 could delay confirmation until June or July.
The 2024 PFD was $1,702, including an additional $298.17 for energy relief. In 2022, the amount reached $3,284, the highest in decades. These changes reflect fluctuations in Permanent Fund income and current political priorities.
Between 1984 and 2024, payments ranged from $331.29 to $3,284. This variability underlines the absence of a fixed formula, since the amounts depend on annual agreements between state powers.
Is the PFD fund at risk?
Governor Dunleavy insists on applying a formula from the 1980s to calculate the PFD, which would raise the amount to $3,900. However, legislators such as Senator Jesse Kiehl promote the “75-25” model to ensure greater stability. “The state needs to balance the dividend with essential services,” Kiehl declared in 2024.
