Wait, is that a “pregnancy tax”???

Grosse Pointe teachers signed a new four-year contract with their school district that continues a unique twist: It ties teachers’ pay to the school district’s fund equity (basically what the district owns minus what it owes). In exchange, they put off the effects of Michigan’s new right to work law for four years and, thanks to modifications in the previous contract’s provisions, avoided pay cuts of up to 9%. In this case, it appears that the school district was able to use the threat of the impending right to work law to get quick ratification of the new contract.

Much more after the jump.