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Four-year deal and revamped pensions prevent Chicago teachers strike

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Striking Chicago public school teachers march down Michigan Avenue in 2012 in Chicago, the last time the union representing the nation’s third-largest district approved a work stoppage. Another strike was averted with a contract agreement this week.

Sleepy children and parents returned to their morning school routine Tuesday after a last-minute deal just before midnight averted the second Chicago teachers strike in four years.

Chicago Public Schools officials and leaders of the Chicago Teachers Union reached a tentative agreement on a new contract to keep open the nation’s third-largest school district, serving nearly 380,000 students.

The four-year deal — retroactive to the 2015-16 school year when teachers worked without a contract — phases out the “pension pickup,” for newly hired teachers, according to the tentative agreement.

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