Alaskans to Get Annual ‘Bonus’

ANCHORAGE — Each of Alaska’s permanent residents will receive $952.63 in the state’s annual cash giveaway, the Department of Revenue said Monday.

The Alaska share-the-oil-wealth program will distribute a grand total of $482,518,607 to about half a million permanent residents of Alaska, said Ervin Jones, director of the Division of Permanent Fund Dividends.

This is the ninth year that Alaska has shared its oil earnings with its people. The 1990 checks, the second-largest since the program began, will be $79.47 bigger than last year’s.

Alaska, the nation’s biggest oil-producing state, saves at least $1 of every $4 it earns in oil revenues and puts it into a savings account whose principal may not be touched.