b'CTPF FUNDING UPDATE ContinuedFUNDED RATIO CTPFs funded status is calculated by the Funds actuary once a year using data as of June 30. The next Actuarial report will be available later this fall. CTPF PENSIONS When members vest, they qualify for a lifetime pension, guaranteed by the Illinois Constitution. Pensions are determined by a formula, and do not change with market conditions.*Information is preliminary as of August 1, 2022, and will be updated when the 2022Audit and Actuarial evaluation are completed. CTPF financial reports are located at ctpf.org under forms & publications. LEAVING YOUR CPS/CHARTER/ myCTPF REGISTER TODAYCONTRACT SCHOOLNew features have been added to the myCTPF If you leave CTPF-covered employment, you must decideMember Self-Service Portal. These updates how to manage the pension assets you have accumulated.offer an even more accessible and efficientThere are three primary options: myCTPF experience. Register today at myCTPF.org.Retire. You may retire with a pension, if you meet ageAfter registering: and vesting requirements. Active members can now request an estimate of CTPF Defer your pension. You may leave your pension assets atretirement benefits (if eligibility requirements met) CTPF until you reach retirement age. and then view, download, and print when available. Accept a refund of contributions. Contributions may beActive members, retirees and survivors can view their rolled over into another qualified retirement plan or paidcorrespondence addresses. to you. When you accept a refund, you forfeit all futureRegistered members have already taken advantage of the benefits (including the post-retirement health insuranceportals initial features and can:subsidy). Illinois Statue requires a 60-day waiting periodView address, contact, and benefit status information. from the date of termination from your Employer.Members with service credit on file can view and Once the waiting period is completed, allow up to 12download their Member Statement.weeks for processing a completed application. Download and return Forms 804-840: Refund Application to initiate the process.Find more information at ctpf.org/leaving-employment. STAFF UPDATEFERNANDO VINZONS JOINS CTPF Fernando Vinzons joined CTPF as the Chief Investment Officer on July 11, 2022. Vinzons has over 18 years of investment and financial market expertise, with four years as Director of Investments and 10 years as a senior member of the Cook County investment team. He was responsible for the growth of an under-funded pension portfolio (from $5.2 to $14.0 billion) and improved peer ranking (from 65 thto 28 thpercentile). Vinzons received a BA in Economics from the University of Illinois and an MBA from the University of Chicago, Booth School of Business, with a focus on Analytical Finance and Accounting.Fernando comes to CTPF with the leadership experience, technical background, and vision needed to meet our policies, pacing, objectives, and goals. His collaborative style and proven ability to assess stakeholder needs, implement policy, and to serve as a mentor to staff will serve the Fund well. We are pleased to welcome Fernando to our team, said Carlton W. Lenoir, Sr., Executive Director. 4'