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The Alaska Permanent Fund (APF) is a constitutionally established permanent fund managed by a state-owned corporation, the Alaska Permanent Fund Corporation (APFC). [1] It was established in Alaska in 1976 [2] by Article 9, Section 15 of the Alaska State Constitution [3] under Governor Jay Hammond and Attorney General Avrum Gross.
Residents also get a cut of the state's oil wealth, courtesy of annual dividends from the Alaska Permanent Fund, which often exceeds $1,000. But if you're nearing retirement age, don't start ...
Mar. 26—As the Alaska Permanent Fund has become the financial centerpiece of the state budget, its management has attracted warranted scrutiny. There's a big difference, after all, between a ...
Jay Sterner Hammond (July 21, 1922 – August 2, 2005) was an American politician of the Republican Party, who served as the fourth governor of Alaska from 1974 to 1982. . Hammond was born in Troy, New York and served as a Marine Corps fighter pilot in World War II with the Black Sheep Squa
The Alaska Permanent Fund is a legislatively controlled appropriation established in 1976 to manage a surplus in state petroleum revenues from the recently constructed Trans-Alaska Pipeline System. From its initial principal of $734,000, the fund has grown to $40 billion as a result of oil royalties and capital investment programs. [27]
Aug. 22—Former commissioner of the Alaska Department of Environmental Conservation Jason Brune was appointed Tuesday to serve on the Alaska Permanent Fund Corp. board of trustees. Brune ...
1975 photo of Jay Hammond, the former governor of Alaska who is regarded as "the man behind" the foundation of the Permanent Fund of Alaska. The Alaska Permanent Fund is often mentioned as one of the few existing basic income systems in the world. Since 1982, the Fund has paid a partial basic income to all (permanent) residents averaging ...
Dec. 19—Ordinarily, when your money manager's actions lead to unprecedented returns, they get a commission, a commendation and maybe some kind of a bonus. But now-former Alaska Permanent Fund ...