News from the Alaska State Legislature, the Office of Senator Kelly
For Immediate Release: February 14, 2017
PFD Audit Measure Shows Early Signs of Success
JUNEAU – Senate President Pete Kelly (R-Fairbanks) was encouraged today by the initial success of a measure aimed at detecting fraudulent Permanent Fund dividend applications.
The program, initiated last year, assisted the Alaska Permanent Fund Division in rejecting 224 faulty applications, which would have cost more than $450,000 if the full 2016 dividend had been paid out.
Due to the governor’s dividend veto, however, savings were approximately $230,000.
“No one likes fraud and we have the ability to detect it and stop it,” Sen. Kelly said. “Next year’s audit will catch even more cheaters and we’ll save even more money – so far this program is a win.”
The new program is funded through 2017, and will continue to assist the Alaska Permanent Fund Division in detecting fraud for this year’s application process, as well.
Click here to read the entire 2016 Alaska Permanent Fund Division’s annual report.
For more information, contact Senate Majority Press Secretary Daniel McDonald at (907) 465-4066.