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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 .
The Petroleum Fund of Norway; Permanent School Fund - funds K–12 schools in Texas, mostly from oil and natural gas revenue. Permanent University Fund - funds universities in Texas, mostly from oil and gas revenue. The Alaska Permanent Fund provides annual dividends to residents of the State of Alaska; Public company
The U.S. state of Alaska dispenses a form of citizen's dividend in its Permanent Fund dividend, which holds investments initially seeded by the state's revenue from mineral resources, particularly petroleum. In 2005, every eligible Alaskan resident (including children) received a check for $845.76.
But instead of dangling cash incentives to potential residents out of state, Alaska instead provides those already within its borders with a yearly sum from its Permanent Fund Dividend, or PFD.
Since 1976, Alaska has paid its residents to live there via its Permanent Fund Dividend. The payouts are funded by Alaska’s oil royalties and are divided up evenly among citizens.
This list of largest pension funds in the United States involves two main groups: government pension funds for public employees and collectively bargained pension funds, jointly managed between employer and employee representatives after the Taft-Hartley Act of 1947.
Social dividend systems have been implemented in limited form on the basis of public ownership of natural resources in the state of Alaska through the Alaska Permanent Fund and in Norway by the Government Pension Fund of Norway. The Alaska Permanent Fund distributes a share in the state's wealth derived from royalty income from oil produced on ...
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