Buck Lattimore, Chairman
Thomas J. Bolch, Commissioner
Laura K. Mavretic, Commissioner
Christopher Scott, Commissioner
Dianne C. Sellers, Commissioner
Pamela T. Young, Commissioner
| Michael F. Easley, Governor Buck Lattimore, Chairman |
|
Bernadine S. Ballance,
Commissioner Thomas J. Bolch, Commissioner Laura K. Mavretic, Commissioner Christopher Scott, Commissioner Dianne C. Sellers, Commissioner Pamela T. Young, Commissioner |
North Carolina
Industrial Commission
MEMORANDUM
| 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 5, 2004 |
| RE: | Maximum Weekly Benefit for 2005 |
The North Carolina Industrial Commission has established the maximum
weekly benefit for 2005 pursuant to N.C.
Gen. Stat. §97-29. Effective
January 1, 2005, the maximum weekly benefit applicable to all injuries and
claims arising on and after January 1, 2005 shall be seven hundred and four
dollars ($704.00).
The maximum weekly benefit was derived by multiplying the average weekly
insured wage of six hundred and forty dollars and forty-three cents ($640.43)
for the calendar year 2003, 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, 1982-2005