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Strike Related Financial Info

Together, our union fights to win.

Contract Campaign Central
Tentative Agreement Vote Resources
Meetings on the TA
Latest Bargaining Update
Answers About Strike Loans, etc.
Solidarity from Allies
Social Media / CTU Speaks! Podcast

Contents (answers below)

Are any loans available to help with the hardship of unpaid days due to the strike?

CTU has worked with our national union, the American Federation of Teachers, and with the United Credit Union to make modest strike loans available. All striking CTU members are eligible and the AFT will reimburse members for interest charged on these loans. If you think you might want to take advantage of this program, additional information is available here on our Strike FAQ page.

United Credit Union is accepting applications from CTU members now and the application forms are available from their website or in-person at any UCU location. The first date that funds can be received is November 8, the date of our first partial paycheck. CTU has provided a guide to help with some of the form questions. The deadline to apply for the loans is November 22, 2019.

UCU Loan Application

Loan Application Guide

What are my options for managing my federal student loan debt while we are on strike?

Can I get relief on my federal student loan payments while we are on strike?

We don’t want your student loan bills to add to your stress while you are on strike. If you have federal student loans, there is a vital lifeline for workers that could help you manage your student debt while on strike: income-driven repayment (IDR) plans. Income-driven repayment plans are available in some form to all federal student loan borrowers and may drop your monthly student debt bill immediately – and continue to do so after a strike is won.

What are income-driven repayment plans?

Income-driven repayment plans are repayment plans that base your monthly payment on your adjusted gross income and family size rather than how much you owe. Your payments through these plans can be as low as $0 a month, particularly when your income has gone down, or when you reasonably believe that it will go down, because you are on strike or for any other reason. These plans are free to enroll in.

How do income-driven repayment plans compare to other options like deferment or forbearance?

Income-driven repayment plans are usually better for most borrowers than programs like deferment or forbearance – which can leave you with a lot more debt and should typically be avoided if possible.

With income-driven repayment plans if you’re unemployed or between jobs, you’ll be asked to pay as little as $0 a month in any income-driven repayment plan, and that will keep you current on your loans and moving toward eventual loan discharge.

Will we receive retroactive pay when the new contract goes into effect?

As soon as a tentative agreement is ratified, that new contract will be retroactive to July 1, 2019. The 3 percent raise negotiated for this year will be calculated back to July 1, 2019, and CPS will issue a check to every CTU member in the amount of any pay that would have accrued to them between July 1, 2019 and the date on which paychecks are first adjusted. As with everything CPS, both paycheck adjustment and issuance of retro pay may take some time (and possibly some errors) before everyone gets what they are entitled to. It should, however, be simpler than in 2012 when CPS did not grant steps and lanes at the start of the school year because their bargaining position was to eliminate these.

Do we have a contract in effect now?

Yes. Until a new agreement has been signed and ratified by the membership, we are subject to the terms of the current Collective Bargaining Agreement — the Blue Book. Once a tentative agreement is ratified, that agreement immediately goes into effect, retroactive to July 1, 2019. If an administrator tries to tell you “there is no contract” because the book isn’t printed, they are misrepresenting the situation and they should know it. Demand enforcement of your contract. Combine the TA text found on MemberLink and the Blue Book contract text to determine your rights—don’t wait for the final typesetting and binding in order to stand up for your rights.

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Chicago Teachers Union
Chicago Teachers Union7 hours ago
Essential conversation tomorrow morning WCPT 820 - Chicago's Progressive Talk with CTU VP Stacy Davis Gates, Administrator of New Teacher Development Tara Stamps and some of Chicago's realest discussing leadership and sacrifice from a women's perspective. Don't miss this meeting of brilliant Black and Brown minds.
Chicago Teachers Union
Chicago Teachers Union15 hours ago
It started with the closure of a single high school in Washington state on Feb. 27, 2020. And in Chicago, it started with a case at Vaughn Occupational High School announced on March 6, 2020, the sixth coronavirus patient in the state at the time.
Chicago Teachers Union
Chicago Teachers Union1 day ago
Thank you to moderator Alderwoman Jeanette B. Taylor 20th ward and all of our speakers from last week’s Parents as First Teachers CTU Black history forum. It was a great preview of our Women’s History Month panel coming up later this month!
Chicago Teachers Union
Chicago Teachers Union
LIVE: 20th Ward Alderwoman Jeanette Taylor moderates our Parents as First Teachers CTU Black history forum as we uplift the work of Black parents and educators, discuss the challenges Black families faced long before the COVID-19 pandemic ravaged our communities, and think forward to recovery.
Chicago Teachers Union
Chicago Teachers Union1 day ago
Educators at Passages Charter School braved the cold today in refusing the unsafe return-to-building order from Asian Human Services management. Passages teachers and staff are demanding AHS puts safety provisions in writing and ensures a safe return for students and staff.
Chicago Teachers Union
Chicago Teachers Union1 day ago
Join educators and youth leaders tomorrow and next week for this important conversation on how the school-to-prison pipeline decimates Black and Brown futures, and what we can all do to foster a culture of tolerance and inclusion in our schools.
Chicago Teachers Union
Chicago Teachers Union2 days ago
In a dangerous reversal, Asian Human Services, the company that manages Passages Charter School, is breaking its promise to guarantee safety protections for students, vulnerable family members and educators.
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Main Hashtags

  • #FairContractNow
  • #PutItInWriting
  • #StandWithCTU
  • #RedForEd

Specific Hashtags

Use these hashtags with posts that fit them. For example, #ClassSizeMatters with a photo post of your overcrowded room.

  • #SolidarityFriday
  • #PrepTime
  • #TeachersPrepare
  • #ClassSizeMatters
  • #FairPay
  • #StaffOurSchools
  • #WomensWorkEqualPay
  • #SanctuarySchools

More from the Contract Campaign

Contract Campaign Central
Tentative Agreement Vote Resources
Meetings on the TA
Latest Bargaining Update
Answers About Strike Loans, etc.
Solidarity from Allies
Social Media / CTU Speaks! Podcast

General CTU Announcement

Administrative Transfer Window

Teachers will be able to transfer schools for Spring 2021 without principal permission between November 22, 2020 and January 6, 2021.

Read more