|James B. Hunt Jr.
||J. Howard Bunn Jr.
TO: CARRIERS, SELF-INSURED EMPLOYERS, THIRD PARTY ADMINISTRATORS, AND OTHER PARTICIPANTS IN THE WORKERS' COMPENSATION SYSTEM IN NORTH CAROLINA
FROM: TRACEY H. WEAVER, EXECUTIVE SECRETARY
RE: MAXIMUM WEEKLY BENEFIT FOR 1998
DATE: AUGUST 13, 1997
The North Carolina Industrial Commission has established the maximum weekly benefit for 1998 pursuant to N.C. Gen. Stat. §97-29. Effective January 1, 1998, the maximum weekly benefit applicable to all injuries and claims arising on and after January 1, 1998 shall be five hundred and thirty-two dollars ($532.00).
The maximum weekly benefit was derived by multiplying the average weekly insured wage of four hundred and eighty-four dollars and forty-two cents ($484.42) for the calendar year 1996, as determined by the Employment Security Commission in accordance with N.C. Gen. Stat. §96-8(22), by 1.10 and rounding the figure to its nearest multiple of two dollars ($2.00).
The minimum weekly benefit is thirty dollars ($30.00) as set forth in N.C. Gen. Stat. §97-29.
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Click here for Maximum Weekly Compensation Rates, 1982-98
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