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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal

Bill would guarantee protection of PFD

Posted on 19 February 2010

From Juneauempire.com: An Alaska senator wants to guarantee a Permanent Fund Dividend this year in case an obscure state law blocks payments because of stock market losses in recent years.

Dividends are paid only from investment earnings, which accumulate in the fund’s “earnings reserve” account every year. In years of losses, that reserve account can go down, which is what happened recently…………………………………..Full Article: Source


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