The article does not give all the details, but Detroit teachers have agreed to a new contract which withholds $250 from each paycheck over the next 40 pay periods. That adds up to $10,000 per teacher.
The good news (I guess...) is that the teachers will get this money back --sans interest-- when they leave the district. It is being dubbed a "Termination Incentive Plan".
Again, some of the details are missing, but avoiding "much more painful concessions" is hinted at.
I hope it doesn't trend.
The good news (I guess...) is that the teachers will get this money back --sans interest-- when they leave the district. It is being dubbed a "Termination Incentive Plan".
Again, some of the details are missing, but avoiding "much more painful concessions" is hinted at.
"The deferment plan is an innovative and, we are assured, legal way for us to avoid much more painful concessions while saving some $25 million during the first year of the new contract, which was ratified by a nearly two-to-one margin by the district's teachers," DPS spokesman Steve Wasko said in an e-mail.
I hope it doesn't trend.
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