|Michael F. Easley, Governor
Buck Lattimore, Chairman
|Bernadine S. Ballance,
Thomas J. Bolch, Commissioner
Laura K. Mavretic, Commissioner
Christopher Scott, Commissioner
Dianne C. Sellers, Commissioner
Pamela T. Young, 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:||August 26, 2003|
|RE:||Revised Notice: Maximum Weekly Benefit for 2004|
The Industrial Commission has been advised that the Employment Security
initially miscalculated the Average Weekly Insured Wage (AWIW) for 2002. This
figure has now been revised to $624.82. This revised AWIW does not change the
previously calculated maximum weekly benefit. Pursuant to N.C.
Gen. Stat. §97-29,
the maximum weekly benefit applicable to all injuries and claims arising on and
after January 1, 2004 is six hundred and eighty-eight dollars ($688.00).
The maximum weekly benefit was derived by multiplying the average weekly
insured wage of six hundred and twenty-four dollars and eighty-two cents
($624.82) for the calendar year 2002, 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 applicable to all injuries and claims arising
on and after January 1, 2004 shall be thirty dollars ($30.00) as set forth in N.C.
Gen. Stat. §97-29.
Click here for Maximum Weekly Compensation Rates, 1982-2004