permanent fund deposit: Permanent Fund Deposits hit Alaskan's Mailboxes
- 10/28/10 09:30 AM
In mid-October, qualifying Alaskans received their annual "Permanent Fund" distribution- at least for those who had direct deposit to their account. This year it was $1,281. Last year, the 2009 check was for $1,305. For the past 29 years (yes! 29 years) the payment has gone up and down each year based on the five-year average of the fund's performance, varying widely depending on the stock market and other factors that influence the fund portfolio. Checks usually vary between $900 and $1,800 annually. All Alaskan residents know that there is a boost in retail sales in October. Business traditionally spikes up (0 comments)