|Michael F. Easley, Governor
Buck Lattimore, Chairman
|Bernadine S. Ballance,
Thomas J. Bolch, Commissioner
Laura K. Mavretic, Commissioner
Renée C. Riggsbee, Commissioner
Christopher Scott, Commissioner
Dianne C. Sellers, Commissioner
|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|
|DATE:||SEPTEMBER 27, 2002|
|RE:||MAXIMUM WEEKLY BENEFIT FOR 2003|
The North Carolina Industrial Commission has established the maximum weekly benefit for 2003 pursuant to N.C. Gen. Stat. §97-29. Effective January 1, 2003, the maximum weekly benefit applicable to all injuries and claims arising on and after January 1, 2003 shall be six hundred and seventy-four dollars ($674.00).
The maximum weekly benefit was derived by multiplying the average weekly insured wage of five hundred and ninety-four dollars and seventy-one cents ($612.03) for the calendar year 2001, 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.
Click here for Maximum Weekly Compensation Rates, 1982-2003