b'FISCAL YEAR 2023 PAYMENT UPDATECTPF funds pensions through revenue returned on investments and from four external sources: the Chicago CalendarBoard of Education, the State of Illinois, a property tax levy, and member contributions. CTPF recognized approximately $1.09 billion in revenue for fiscal year 2023: $536.1 million expected from property taxSEPTEMBER receipts normal cost requirement4 Labor Day | Office Closed$308.7 million from the State of Illinois 15 Last Day to Request Election $228.2 million from employee contributionsNomination Packet $15.0 million from the Chicago Board of Education (CPS) 21 Board of Trustees Meeting |9:30 a.m. There is an outstanding receivable of $242.1 million expected to be covered by28 Town Hall Webinar |4 p.m.property tax receipts. This is included in the total revenue recognized for fiscal year29 Election Nomination Packets Due|5:00 p.m.2023, but is still an outstanding receivable as of August 1, 2023.*FUNDED RATIO OCTOBERCTPFs funded status is calculated by the Funds actuary once a year using data as of6Investment Committee Meeting |9:30 a.m.June 30. The next Actuarial report will be available later this fall. 10 Pension Rep Webinar |4:30 p.m.CTPF PENSIONS11 Pension Rep Webinar |4:30 p.m.When members vest, they qualify for a lifetime pension, guaranteed by16 Board of Trustees Voting Opensthe Illinois Constitution. Pensions are determined by a formula, and do not change19 Board of Trustees Meeting |9:30 a.m.with market conditions.24 Investment Committee Meeting |9:30 a.m.24 Finance Committee Meeting |11:30 a.m.NOVEMBERFINANCIAL & INVESTMENTS REPORTS 3 Board of Trustees Elections CTPF is committed to fiscal transparency. Audited financialVoting Closes|5:00 p.m.statements, actuarial, and investment reports can be found8 CTPF To You: Educational Active at ctpf.org/financial-investment-reportsMember Webinar |4:30 p.m. 10 Veterans Day| Office Closed16 Board of Trustees Meeting |9:30 a.m. 23 Thanksgiving Holiday | Office closed*Information is preliminary as of August 1, 2023, and will be updated when the 2023 Audit24 Thanksgiving Holiday | Office closedand Actuarial evaluation are completed. DECEMBER1Investment Committee Meeting |9:30 a.m.14Board of Trustees Meeting |9:30 a.m.25Christmas Day Observed|Office ClosedMeeting times may change. Find a complete list of meetings, event registration, and confirm Calendar Noticemeeting times and dates at ctpf.org/calendar.Hybrid Meetings Offered: The Governor rescinded the emergency order which allowed CTPF to offer 100% remote meetings during the past threeOFFICE/MAILING ADDRESSyears. CTPF Trustees meet in person at 425 S. Financial Place in the conferenceChicago Teachers Pension Fund room on the 15 thfloor.425 S. Financial Place | Suite 1400CTPF is committed to offering a remote attendance option for our membersChicago, IL 60605-1000who cannot attend in person. Individuals who wish to attend in person must312.641.4464 | fax: 312.641.7185 register in advance, provide proof of vaccination, and a health attestationctpf.org | memberservices@ctpf.orgupon entry. Information about meetings is posted with the meeting notice atHours: 8:00 a.m.5:00 p.m. | M-Fctpf.org/calendar.3'