(a) Total Benefit Amount. - The total amount of benefits paid to an individual may not exceed the individual's total benefit amount. The total benefit amount for an individual is determined as follows:
(1) Divide the individual's base-period wages by the average of the wages paid to the individual in the last two completed quarters of the base period.
(2) Multiply the quotient by eight and two-thirds.
(3) Round the product to the nearest whole number.
(4) Multiply the resulting amount by the individual's weekly benefit amount as determined under G.S. 96-14.2.
(b) Duration. - The number of weeks an individual may receive benefits varies depending on the seasonal adjusted statewide unemployment rate that applies at the time the regular unemployment claim is filed. The total benefits paid to an individual may not be less than the individual's average weekly benefit amount multiplied by the minimum number of weeks allowed in accordance with G.S. 96-14.3. The total benefits paid to an individual may not exceed the lesser of the following:
(1) The individual's average weekly benefit amount multiplied by the maximum number of weeks allowed in accordance with G.S. 96-14.3.
(2) The individual's total benefit amount, as calculated under subsection (a) of this section. (2013-2, s. 5; 2013-224, s. 19.)
Last modified: March 23, 2014