Page 5 - Upper Peninsula Business Today -- June 2020
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JUNE 2020 UPPER PENINSULA BUSINESS TODAY PAGE 5
 State Of Michigan To Participate In Federal Work Share Program To Protect
Workers, Help Address Budget Deficit
 Houghton 800-562-7684
Iron Mountain 800-872-9013
Ishpeming 877-834-3827
Marinette 866-682-8418
Sault Ste. Marie 800-867-0511
LANSING — The state of Michigan announced that it would participate in the fed- eral Unemployment Insurance Agency (UIA) Work Share program to help offset budget implications as a result of the state’s response to the COVID-19 pandemic. As part of this program, impacted state employees will take two temporary layoff days per pay period beginning Sunday, May 17 until July 25 resulting in up to $80 million in decreased wage costs.
“As we continue to combat COVID-19, it’s clear that we’re facing unprecedented chal- lenges that will lead to serious budget impli- cations for the state of Michigan,” said Gov- ernor Whitmer. “Utilizing this federal pro- gram keeps state employees working so they can continue to provide critical services to Michiganders and protects their paychecks so they can continue to support their families.”
This federal program allows the state to keep employees working with reduced hours, while employees collect partial unemployment ben- efits to make up a portion of the lost wages.
State managers at the 17 level and above will not participate in Work Share but will take one layoff day every other pay period resulting in an approximate 5% reduction in gross pay. Over 31,000 state employees will be impact- ed.
Impacted employees will retain their health insurance and other benefits and will be auto- matically enrolled into the unemployment process to help ensure they have the support they need during this challenging time.
Last month, Governor Whitmer announced she was taking a 10% pay cut and directed her executive team and cabinet appointees to take a 5% pay cut for the remainder of the fiscal year. Additionally, the Executive Office of the Governor will participate in the Work Share program.
Today’s layoffs do not impact anybody working on the front lines of the COVID-19 response. Law enforcement, the prison sys- tem, veterans’ homes, and other key health and human services all remain fully staffed with on-site employees.
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SNBT Grants $40,000 To Local Non-Profits
 The COVID-19 pandemic has affected many local non-profit organizations. To assist them during this challenging time, The Stephenson National Bank & Trust reached out to those severely impacted groups and invited them to apply for a grant. Half of the $40,000 total was funded by the Federal Home Loan Bank of Chicago through its COVID-19 Relief Program, and a matching dollar amount was provided directly by SNBT.
“Our community is blessed to have such dedicated non-profit organizations helping hundreds of area residents,” said Daniel J. Peterson, SNBT President and CEO. “As a result of this pandemic, many of them have seen an increase in the utilization of their serv- ices coupled by a decrease in revenues by missing fundraisers, and consequently are stretching to make ends meet. This grant pro- gram is just one way to show our appreciation to them for their tireless work, and we hope it can help carry out their mission during this dif- ficult time.”
SNBT and the Federal Home Loan Bank of Chicago made monetary donations totaling over $40,000 to non-profits in Wisconsin and Michigan. The organizations who applied for grants are: Athelstane Fire Department; Bai- ley Property Preservation Association/West Shore Fishing Museum; CASA of Menomi- nee County; Crivitz Area Food Pantry; Crivitz
Firefighters Association; Crivitz Rescue Squad; DAR Boys & Girls Club; Greater M & M YMCA; Healthy Youth Coalition; Marinette County CASA; Marinette Senior Center; Menominee Animal Shelter; Menom- inee Mid County Ministerium-Food Pantry; Pastor Fred’s Food Pantry; Pembine Rescue Squad; Rainbow House Domestic Abuse Services, Inc.; St. Joseph Conference of Marinette Society of St. Vincent de Paul; St. Vincent DePaul of Marinette Inc.; Twin Counties Free Clinic; Wausaukee Enterprises, Inc.
Aside from monetary donations, SNBT has been focused on making an impact on the community through a variety of other meth- ods. Read about the depth of the bank’s com- munity commitment by visiting: www.snbt.com/community-impact.
The Stephenson National Bank & Trust is a 145-year old independent community bank with over $1 billion in Bank, Mortgage, and Trust & Investment assets under manage- ment. Offices are located in Marinette, Wausaukee, Crivitz, Pembine, and Oconto, Wis. and Menominee, Mich. with a Trust & Investment Office in Marquette, Mich. and a Com- mercial Loan Services Office in Green Bay, Wis. For more information about The Stephenson National Bank & Trust visit www.snbt.com.
The Federal Home Loan Bank of Chicago is offering a COVID-19 Relief Program consisting of zero-rate advances and grants to support all of its member institutions and the communities they serve as they respond to the COVID-19 pandemic. For more information visit fhlbc.com.









































































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