MEMORANDUM
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TO: |
All Interested Parties |
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FROM: |
Meredith R. Henderson, Executive Secretary |
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DATE: |
August 31, 2011 |
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SUBJECT: |
Maximum Weekly Benefit for 2012 |
The North Carolina Industrial Commission has established the maximum weekly benefit for 2012 pursuant to N.C. Gen. Stat. §97-29. Effective January 1, 2012, the maximum weekly benefit applicable to all injuries and claims arising on and after January 1, 2012 shall be eight hundred and sixty-two dollars ($862.00).
The maximum weekly benefit was derived by multiplying the average weekly insured wage of seven hundred and eighty-four dollars and thirty-seven cents ($784.37) for the calendar year 2010, 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, 1982-2012