Empire editorial: The proposal to protect permanent fund has merit

Posted: Friday, September 26, 2003

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As articulated by outgoing APFC Trustee Clark Gruening, the enduring strategy of the board has been to achieve at least a 5 percent real rate of return on investment over time.

The Trustees' proposal is outlined in detail in joint bills, HJR26 in the House and SJR 18 in the Senate.

PFD recipients should carefully consider the merits of this proposal before passing judgment on whether it helps or hurts the prospects for payouts in the future.

The proposal would require a constitutional amendment and a vote of the people. By binding these new permanent fund rules to the constitution, the real vale of the fund will be forever protected and the amount of money available for distribution will be more stable.

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