|
Protecting the Permanent Fund: Board of Trustees' Recommendation for a Rules-Based Permanent Fund Endowment Model
In January 2025, ACG partnered with Institute of the North and Commonwealth North on a session to learn more about proposed changes to the basic structure of the Permanent Fund. The PF is currently made up of two accounts: the Principal and Earning Reserve Account. Under the proposal, the two accounts would be merged into a single account. Advocates for the change say it will automatically inflation-proof the Permanent Fund, assure a reliable annual draw for state expenses and the PFD, and align with best practices for endowments.
We expect this important issue will be addressed in the upcoming legislative session, along with PF governance issues. Changes to PF governance can include the process for appointing trustees, qualifications of trustees, terms of trustees, and other matters to assure that it is managed for the best returns on investment and greatest long term benefit for all Alaskans.
That event is available to view again if you’d like to brush up ahead of the legislative session.
|