Sunday, October 14, 2007
OK, you people not from Alaska, what does PFD stand for? Having worked in the newspaper business, when I started seeing that I thought it was a typo and was supposed to be PDF. Nope. It stands for Permanent Fund Dividend, the money the State of Alaska gives out to every citizen of Alaska each year. This year it is about $1400 I believe. I am startled at how strongly some Alaskans view their entitlement to this money, and how outraged they are when they don't get as much. As an outsider I'm like, "Hm, no state taxes, plus they give you money. What are you complaining about??" Unfortunately we will not get dividend for another 2 years. The application period opens Jan. 2 of each year and lasts a few months. You have to have lived in the state for a full year when you apply. Thus, we will not be able to apply until Jan. 2009, and receive our first dividend in Oct. 2009. Bummer. I'm looking forward to bolstering my kids' college funds. It's like a tax return in October!