b'2022 LEGISLATIVE UPDATEFinancialDuring the spring legislative session, the Illinois General Assembly unanimously passed two measures designed to help Snapshot address the shortage of Chicago Public School (CPS) substitute teachers/administrators, and another which allows the purchase RETURN ON INVESTMENTS of prior teaching service in private schools for a limited time.As of June 30, 2022 RETURN TO WORK LEGISLATIONPublic Act 102-1090 applies to retirees working during the period July 1, 2022, to June 30, 2024. The bill amends the return-to-work statute for retired CTPF teachers and Net RateTotal Fundadministrators. The legislation increases the number of days on which a retiree can of Return Benchmarks return to work on a temporary and non-annual or hourly basis without having their benefits cancelled from 120 to 140 until June 30, 2024. Additionally, the compensation 1 Year-8.82%-11.05%limits previously in effect have been removed.3 Year 6.93%5.35% Public Act 102-1013 allows a retiree to return to workwithout limitation orcancellation of their pension under certain circumstances. Retirees returning to work 5 Year6.94% 6.15%under this provision must be employed in a subject shortage area for an employer that 10 Year8.14%7.53%has demonstrated that they cannot otherwise fill the position(s). This legislation was signed by the Governor on May 27, 2022, and expires June 30, 2024. 25 Year6.81% 6.38% ADMINISTRATIVE RULES UPDATES20 The CTPF Administrative Rules - Return to Work were amended and no longer apply to 1816 individuals working for third party vendors or as bona fide independent contractors. 1412 Other changes were made to make the appeals process more user friendly and to 108 allow for additional repayment options due to financial hardship.6 See ctpf.org/returntowork for additional information.420-2-4-6-8 PENSION PAYMENT SCHEDULE-10-12-16 The schedule for mailing checks/direct deposit pay advices and the date for-18 1 Year 3 Year 5 Year10 Year25 Year-20 posting direct deposits is listed below. View the full schedule at ctpf.org. Deadline forCheck Mailing DateDirect Deposit DateMember UpdatesRate of Return October 17, 2022October 28, 2022November 1, 2022 Total Fund BenchmarksNovember 14, 2022November 29, 2022December 1, 2022December 15, 2022 December 29, 2022 January 3, 2023As of June 30, 2022, theJanuary 17, 2023 January 30, 2023 February 1, 2023approximate current value of CTPFs investments wasFebruary 13, 2023February 27, 2023 March 1, 2023$11.5 billion.March 17, 2023 March 30, 2023 April 3, 2023April 14, 2023 April 27, 2023 May 1, 2023May 16, 2023 May 30, 2023 June 1, 2023If you need to make a change to your tax withholding or your address information, please be aware of the cut-off dates. Changes received after the date indicated above will be processed the following month. For any questions about address 6 changes, please contact Member Services, 312.641.4464.'