b'STRATEGIC PLAN ADOPTEDDuring the past year, CTPFs leadership team engaged in a process to evaluate and build a thoughtful and relevantCALENDARstrategic plan that will guide the organization for the next three fiscal years. The plan was formally adopted by the Board of Trustees in June 2022.This Strategic Plan serves as a road map to guide us andAt press time, Board of Trustees the decisions that we will make, remarked Carlton W.meetings are being held online, due to Lenoir, Sr. Our process afforded our Board of Trustees,the current emergency order. Visit senior leaders, and staff the opportunity to learn morectpf.org to confirm meeting location about the organization, to share their perceptions of itsRead CTPFs Strategic Plan and login instructions. strengths and weaknesses, and to discuss critical issuesat ctpf.org/strategicplanOCTOBERaffecting, or likely to affect, the organization in the future. The process was designed to generate collaborative and strategic solutions to the11Pension Rep Webinar |4:30 p.m.issues facing our Fund.Register at ctpf.org/calendarThe plan began with an assessment of the major risks, opportunities, and strengths13Pension Rep Webinar |4:30 p.m.of the Fund. Feedback was solicited from both internal and external stakeholders. Register at ctpf.org/calendarThe results were complied, and the resulting plan contains five broad strategic20 Board of Trustees Meeting |9:30 a.m . priority areas with supporting goals. The focus areas include:25 Investment Committee Meeting |9:30 a.m .Provide for and Enhance the Future Economic Well Being25 Finance & Audit Committee Meeting for our membersImmediately following the Investment Ensure Efficient and Effective managementCommittee Meeting, approximately 1:00 p.m.Protect Retirement BenefitsEarn and Keep Stakeholder RespectNOVEMBEREnsure Compliance with Applicable Laws and Standards8Election Day | Office ClosedThe Fund has a 127-year track record of success, which provides a solid foundation11VeteransDay | Office Closedupon which to build the future. The Strategic Plan will help staff prioritize and17 Board of Trustees Meeting |9:30 a.m . optimize resources to create a collaborative and effective workplace and lasting24Thanksgiving Holiday | Office Closedeconomic well being for our members. The strategic plan has been published at ctpf.org/strategicplan. 25Thanksgiving Holiday | Office ClosedDECEMBERCTPF FUNDING UPDATE15 Board of Trustees Meeting |9:30 a.m . CTPF funds pensions through revenue returned onCPS 26Christmas Day Observed | Office Closedinvestments and four external sources, the Chicago Board Property of Education (CPS), the State of Illinois, property tax levy,Member TaxJANUARYand member contributions.Contr.2New Years Day Observed | Office ClosedEXTERNAL SOURCES UPDATE State of Legislation passed in 2016 and 2017 reestablished aIllinoisdedicated tax levy for CTPF, established the StatesThis calendar includes CTPF Board obligation to fund the normal cost of Chicagos teacher pensions, and providedof Trustees meetings and standing funding for retiree health insurance.committee meetings. Find a full list of meetings, event registration, and A breakout of the $908.9 million in total contributions received to date for Fiscal Yearconfirm meeting times and dates 2022 includes:at ctpf.org/calendar.$300.9* in property tax receipts$277.5 million from the State of Illinois for normal costs, retiree healthOFFICE/MAILING ADDRESSinsurance, and other required contributionsChicago Teachers Pension Fund $221.2 million from employee contributions 425 S. Financial Place | Suite 1400$109.3 million from the Chicago Board of Education (CPS)Chicago, IL 60605-1000*The remaining balance of $257.0 million is expected to be paid from the property312.641.4464 | fax: 312.641.7185 ctpf.org | memberservices@ctpf.orgtax levy and received by December 31, 2022.Hours: 8:00 a.m.5:00 p.m. | M-FContinued on page 4. 3'