Voters pass a constitutional amendment to establish the Permanent Fund (Alaska Constitution, Article IX, Section 15).
First Permanent Fund dividend legislation enacted. The legislation established a program giving every adult Alaska resident $50 for every year of residency since statehood in 1959 and also established a Dividend Fund. Payment of dividends were stayed under litigation (Zobel v Williams) challenging the constitutionality of the program.
U.S Supreme Court ruled the 1980 legislation unconstitutional. In response to the litigation, the legislature passed legislation authorizing equal dividend payments to all six-month residents. The first dividend amount was $1,000. The first dividend checks were distributed June 14, 1982.
Residency period defined as 6 months ending March 31. Filing due date established as June 30.
Hold-harmless program funding for public assistance recipients changed from General Fund to Permanent Fund Dividend Fund.
January 1988 - Permanent Fund Dividend Division established. Positions with PFD responsibilities in Administrative Services (20), Enforcement (23), and Public Services (14) transferred to the new division. Enforcement and Public Services divisions eliminated.
Legislature changed residency period from 6 months to 24 months. Individuals banned from assigning dividends (except to government agencies) by regulation. Felons not eligible for dividends. Physical presence requirement established.
Superior Court ruled 24-month residency requirement unconstitutional and changed the residency requirement to 12 months (Lindly v Malone). Disclosure requirements established to print program costs on dividend checks.
Check-off program for Advance College Tuition started. Percent of dividend subject to levy for private judgments increased from 50% to 55%. Fairbanks office closed in September 1991 (2 positions). One position each transferred to Anchorage and Juneau office. First receipt cards mailed.
Individuals banned from assigning dividends (except to government agencies) by statute. Review Unit moved from Anchorage to Juneau.
Direct-deposit program for full dividends established. Residency period changed to calendar year. Voter registration forms included with dividend application.
Filing due date changed to March 31. Longevity Bonus Annuity check-off program began. Legislature authorizes the division to charge fee for processing claims and assignnments on dividends
Longevity Bonus Annuity check-off program repealed.
Misdemeanants with two prior crimes not eligible for dividends.
Fairbanks office re-opened February 1997 (2 positions).
Internet program implemented to allow applicants to check their status online. All allowable absences defined in statutes (statutory provision for commissioner to define absences by regulation repealed). Spouses accompanying eligible residents authorized as allowable absence. Authority to file for estates (persons who die during filing period) established. Physical presence changed to 72 hours every two years (effective for 2000 dividend). Percent of dividend subject to levy for private judgment increased from 55% to 80%.
On-line application implemented, but applicants required to print and sign full application. Direct-deposit program expanded to include partial dividends. Document Processing Unit night shift (17 positions) eliminated. Emergency regulations detailing alien eligibility adopted.
Imaging system and new data entry system implemented January 2000. First year that applications imaged. Improved on-line Internet application implemented March 2000 (applicants required to sign signature page only). Fairbanks office moved to Cushman Street location September 1.
Review and Appeals units consolidated into the Dividend Enforcement, Review and Appeals Unit. Alaska Supreme Court rules that immigrant aliens who form intent to remain in Alaska qualify for dividends.
Receipt letter replaces application receipt card. Department of Health and Social Services files applications electronically. Final year securities companies participated in the direct deposit program. Misdemeanants with one prior felony or two prior misdemeanors not eligible for dividend.
Online applications exceed 100,000 (155,226). Electronic signature for online applications implemented March 20, 2003. All review cases worked by year-end. Fraud Investigations moved from Anchorage to Juneau.
Receipt letters eliminated. Online application expanded to cover full application and supplemental schedule. Tri-fold direct deposit advice implemented. Selective Service registration part of the application.
Online applications exceed 200,000 (211,464) and electronically signed applications exceed 100,000 (129,822). Time period for applicants to respond to requests for information changed to 30 days.
Over 2/3 of Alaskans apply online (420,596) and electronically signed applications exceed 275,000 (276,203).
One time resource rebate added to dividend. Payment timing moved up to September in response to high energy costs. New eligibility software program implemented.
The Charitable Contribution program, Pick.Click.Give is implemented allowing applicants to donate all or part of the dividend to non-profit agenices.
Community distribution centers are used for distributing paper applications for the first time. Postal delivery to every Alaskan mailbox is reduced to targeting mailings in light of over 75% of applicants filing online.
The Division publishes a Facebook page to develop an additional interactive experience with Alaskans through social networking.
The Division implements system changes to expand the options for Direct Deposit of dividend payments. Within months, the number of financial institutions selected by applicants for Direct Deposit jumps from 22 to over 350!
Disclaimer: Information posted on this website summarizes the Permanent Fund Dividend Program, is supplemental only, and does not supersede the applicable Statutes and Regulations.