Education News in Brief

Detroit Teachers Approve Contract Calling for Interest-Free Loans

By The Associated Press — January 05, 2010 1 min read
  • Save to favorites
  • Print

Detroit teachers have approved a three-year contract that includes $10,000 in interest-free loans from each educator to help the cash-strapped district save jobs.

Members of the Detroit Federation of Teachers ratified the new agreement on Dec. 19 by a vote of 3,578 to 2,031 and agreed to a $250 pretax deduction per biweekly paycheck starting this month. Once the loan is paid out, teachers will receive a 1 percent raise in the contract’s final year. Teachers will get back up to $10,000 if they leave their jobs.

The deal also includes provisions for joint district-union professional development, peer assistance and review, and school-based performance bonuses.

A version of this article appeared in the January 06, 2010 edition of Education Week as Detroit Teachers Approve Contract Calling for Interest-Free Loans

Events

Ed-Tech Policy Webinar Artificial Intelligence in Practice: Building a Roadmap for AI Use in Schools
AI in education: game-changer or classroom chaos? Join our webinar & learn how to navigate this evolving tech responsibly.
Education Webinar Developing and Executing Impactful Research Campaigns to Fuel Your Ed Marketing Strategy 
Develop impactful research campaigns to fuel your marketing. Join the EdWeek Research Center for a webinar with actionable take-aways for companies who sell to K-12 districts.
This content is provided by our sponsor. It is not written by and does not necessarily reflect the views of Education Week's editorial staff.
Sponsor
Privacy & Security Webinar
Navigating Cybersecurity: Securing District Documents and Data
Learn how K-12 districts are addressing the challenges of maintaining a secure tech environment, managing documents and data, automating critical processes, and doing it all with limited resources.
Content provided by Softdocs

EdWeek Top School Jobs

Teacher Jobs
Search over ten thousand teaching jobs nationwide — elementary, middle, high school and more.
View Jobs
Principal Jobs
Find hundreds of jobs for principals, assistant principals, and other school leadership roles.
View Jobs
Administrator Jobs
Over a thousand district-level jobs: superintendents, directors, more.
View Jobs
Support Staff Jobs
Search thousands of jobs, from paraprofessionals to counselors and more.
View Jobs

Read Next

Education Briefly Stated: March 13, 2024
Here's a look at some recent Education Week articles you may have missed.
9 min read
Education Briefly Stated: February 21, 2024
Here's a look at some recent Education Week articles you may have missed.
8 min read
Education Briefly Stated: February 7, 2024
Here's a look at some recent Education Week articles you may have missed.
8 min read
Education Briefly Stated: January 31, 2024
Here's a look at some recent Education Week articles you may have missed.
9 min read