Koniag to pay $1,200 Elder Benefit to original shareholders 62 and older Oct. 9

Koniag, the Alaska Native regional corporation for the Kodiak region, will distribute its $1,200 Fall 2026 Elder Benefit on Friday, Oct. 9, through the Koniag Benefits Trust.

To qualify, a shareholder must be an original shareholder, be 62 or older as of Sept. 29 and own at least one share of stock. Original shareholders are the roughly 3,400 Alutiiq people Koniag was formed to serve in 1972, not their descendants.

Koniag's Elder Benefit began in 2018 for original shareholders over 62, and a spring distribution was added in 2024. The board of directors sets the amount and announces it at the annual meeting, and both the amount and the age threshold have shifted over time. Koniag paid $1,000 to original shareholders 65 and older in November 2021, according to its 2021 election and dividend announcement, and $1,200 to original shareholders 62 and older on Oct. 11, 2024, according to its 2024 annual meeting recap.

Koniag's 2026 Annual Meeting of Shareholders takes place Saturday, Oct. 3, at the Dena'ina Civic and Convention Center in Anchorage.