b'CTPF EXECUTIVE DIRECTOR RECOGNIZED BY FINANCIALCRAINS CHICAGO BUSINESS CTPF is proud to announce that Executive Director, Carlton W. Lenoir, SNAPSHOT Sr., has been honored as one of Crains Chicago Business 2023 Notable Leaders in Finance. This recognition highlights Lenoirs exceptionalleadership, dedication, and contributions to the financial sector RETURN ON INVESTMENTS in Chicago.As of June 30, 2023 Carltons recognition is well-deserved. His dedication to the Chicago Teachers Pension Fund and his exceptional skills have earned the respect of all CTPF stakeholders, said Jeffery Blackwell, President of the CTPF Board of Trustees. His inclusion in this list is a testament to his leadership and commitment to the Net RateTotal Fundwelfare of our members. We are honored to have him lead our organization.of Return BenchmarksA results-oriented pension fund professional with over 34 years of executive and 1 Year 8.68%9.53% operational experience, Lenoir began his career at CTPF, serving as an Active Accounts Counselor and worked his way up to management. He went on to hold 3 Year 8.44%7.37% leadership roles with public pension plans in Georgia and Central Illinois before returning to CTPF as Executive Director in 2021 following a national search. His 5 Year6.94% 6.38%experience includes all phases of public pension fund administration.10 Year7.73%7.29% 25 Year 6.46%6.14% LEAVING YOUR CPS/CHARTER/CONTRACT SCHOOL When you leave, you must decide how to manage the pension assets you have 20 accumulated with the CTPF. There are three primary options:181614 Retire. You may retire with a pension, if you meet age 12 and vesting requirements.108 Defer your pension. You may leave your pension assets at 64 CTPF until you reach retirement age.20-2 Accept a refund of contributions. Contributions may be rolled over into another -4 1 Year 3 Year 5 Year10 Year25 Year qualified retirement plan or paid to you. When you accept a refund, you forfeit -6-8 all future benefits (including the post-retirement health insurance subsidy). -10 Illinois Statue requires a 60-day waiting period from the date of termination from -12-16 your Employer. Once the waiting period is completed, allow up to 12 weeks for -18-20 Rate of Return processing a completed application. Download and return Forms 804-840: Refund Application to initiate the process. Find more information at ctpf.org/leaving-employment.Total Fund BenchmarksPRIVATE TEACHING SERVICE As of June 30, 2023, PURCHASE AVAILABLE the approximate value ofState certified teachers or administrators employed by a CTPFs investments wasprivate school recognized by the Illinois State Board of $11.9 billion. Education, who have served as a contributing teacher for a CTPF employer for at least 10 years, may be eligible to purchase that private teaching service and have that credit added to total years of service. The cost to purchase service will be based on the applicant paying the employee and employer required contributions plus 5% compounded interest, for the period being requested. Find out if you are eligible and learn more about the application process at ctpf.org. Applications for this service must be received prior to the deadline of May 13, 2024. 6'