b"MISSION STATEMENT INTERIM EXECUTIVE DIRECTORS MESSAGETo provide, protect, and enhance theAs your Interim Executive Director, I recognize present and future economic well being of members, pensioners and beneficiariesthat my role is about CREATING the BEST possible through efficient and effective managementconditions under which the next leader can of benefit programs, investment practices,seamlessly MOVE THE FUND FORWARD. and customer service, and to commit to earning and keeping the respect and trustWhen people look back on their lives,We continue to encourage diversity and of the participants through quality serviceit is often the most difficult challengeequality among our employees, vendors, and by protecting retirement benefits,that gave them a new perspective orand investment professionals. in compliance with applicable lawsprovided the greatest opportunity forWhile the market has been turbulent, and standards. growth. Amid the current PandemicCTPF pensions are secure. When crisis, we are already using what wemembers vest, they qualify for a lifetime have learned and experienced topension, guaranteed by the Illinois reimagine a bright future. Issue Highlights Thanks to our collective flexibility,Constitution. Pensions are determined by a formula and do not change with dedication, and perseverance, we havemarket conditions. CTPF continues to CTPF Introduces myCTPF aprovided continuous service to ourutilize professional fund managers to members and protected health andimplement the Fund's investment policy, New Resource for Memberssafety for all since the pandemic began.designed to obtain the highest expected Our secure member self-serviceSince March, CTPF has been workingreturn on investments with an portalis now available 3 remotely. Our daily procedures andacceptable level of risk.long-term operating plans provided usDespite the despair this year, CTPF Cavallaro Appointeda path forward and the business of thecelebrated its quasquicentennial Interim Executive DirectorFund continues virtually uninterrupted. (125th anniversary). We commemorated Trustees name Cavallaro to lead We continue to follow state and localthis milestone of serving members, CTPF during national search forgovernment regulations and followconstituents, community, and citizens Executive Director 3 directions from health officials.of Illinois with distinction. The There is limited, socially distantquasquicentennial provided a unique access to the office. To meet theopportunity to reflect on the rich 2021 Annuitantneeds of stakeholders and the publichistory of the Fund and renew CTPFs Health Insurancewe have made numerous changes.commitment to helping teachers from Rates and reminders4 The Board of Trustees conductsthe very first day to the very last.meetings remotely with full public access. We have continued to processAs your Interim Executive Director,CTPF COVID-19payments, respond to thousandsI recognize that my role is about creating Operations Updateof calls and emails, conduct videothe best possible conditions under which Call center resume to real-timecounseling, offer remote notarization,the next leader can seamlessly move the operations 4 conduct webinars in place of seminars,Fund forward. I commit to partnering offer more robust communications,with all of the Funds stakeholders to and more. work collaboratively towards this goal.Board of TrusteesThis year, we witnessed events thatWishing you and yours a safe, healthy, Election Resultsreminded us that we all have individualand happy holiday season. Trustees installed and 2020-2021experiences and beliefs that affect officers elected5 our daily interactions with each other. We continue to lead pension and 2020 Revenue Update retirement systems throughout the United States, ensuring that investment An overview of 2020 revenue sourcesfirms owned by Minorities, Women,Mary Cavallaroat the close of the fiscal year6 and Persons with Disabilities haveInterim Executive Directoraccess to the many opportunities to Get Organized in 2021conduct business with CTPF.Looking ahead? Plan ahead for 202172"