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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

Alaskans unhappy with amount of yearly dividend checks

Posted on 04 October 2016

Residents in Alaska have said they feel ‘cheated’ after their annual dividend payment was slashed by more than half to $1,022 per person. Each year, all locals receive the checks from the state’s oil wealth fund as a reward for living in Alaska for at least a full calendar year.
The Permanent Fund Dividend (PFD) reached a peak amount of $2,072 in 2015. But Governor Bill Walker stepped in and shrunk the amount because of the state’s multibillion-dollar budget deficit, a situation exacerbated by low oil prices…………………………………….Full Article: Source


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