The conditions for receiving a settlement fund in Alaska are provided through the "Permanent Fund Dividend (PFD)" program.

If you reside in Alaska, you can receive a certain amount of dividends annually based on Alaska's oil revenue, and anyone living in Alaska can apply.

• Eligibility:
  • Residents of Alaska who are 18 years or older can receive the PFD if they meet certain conditions.
  • To receive the PFD, you must have lived in Alaska for at least one year and must reside in the state for a minimum of 12 months after moving.
• Dividend Amount:
  • The PFD amount varies each year, and in 2024 it was approximately $1,702.
  • The dividend fluctuates based on Alaska's oil revenue.
  • The second week of October, when dividends are paid, helps stimulate the Alaskan economy and is a significant aid for college students in Alaska who need financial support.

However, the conditions for receiving the payment are as follows:

1. Residency Requirement: You must have continuously lived in Alaska for at least one year.
2. Alaska Residency Registration: You must intend to reside permanently in Alaska and be able to prove it.
3. Residency Before Application: You must have lived in Alaska for at least 12 months without leaving before applying.
4. Other Conditions: You may not receive payment if there are specific situations such as a criminal record or fraudulent receipt of government benefits.

Generally, to receive the settlement fund, you must have lived in Alaska for the 12 months prior to the application year, so a minimum residency period of one year is required.