- Associated Press - Sunday, March 30, 2014

JUNEAU, Alaska (AP) - Time is running short if you haven’t signed up for your share of Alaska’s oil wealth.

Monday is the deadline to file for the Alaska Permanent Fund dividend.

KINY reports (https://is.gd/sKl6EF) online is the best way to sign up since Monday is also a state holiday, Seward’s Day.

The dividend amount is based on the five-year average of the fund’s statutory net income. In 2009, a recession year, the fund posted a $2.5 billion net loss in statutory net income. That helped drive the dividend down in recent years. But it will not affect the 2014 dividend.

Dividends fell from over $2,000 for each recipient in 2008 to less than $900 in 2012; last year’s payment was $900. The money comes from investment profits from the state’s oil-wealth savings account.


Information from: KINY-AM, https://www.kinyradio.com

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