Alaska permanent fund leaders are asking state lawmakers to consider making changes to the fund's structure, so future generations will have access to its dividends.
ANCHORAGE, Alaska - Alaska Permanent Fund leaders are asking state lawmakers to consider making changes to the fund’s structure so future generations will have access to its dividends.
Even though the total fund value is sitting strong at roughly $75 billion , investment returns have underperformed, and not kept up with the rate of inflation. In 2021, the total earnings in the reserve account were more than $21 billion. In 2023, the fund is estimated to have $10.4 billion. The CEO said he and other fund managers are recommending state lawmakers consider passing a constitutional amendment this upcoming session that it can then put before the voters in the next general election.
Additionally, Mitchell said a structural change to the fund would not have an adverse effect on PFD checks.
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