b'MISSION STATEMENT EXECUTIVE DIRECTORS To provide, protect, and enhance theMESSAGEpresent and future economic well being of members, pensioners and beneficiariesFor MORE THAN A DECADE the State of Illinois failed to live up through efficient and effective managementto its PROMISE TO FUND Chicago in the same way that it funded of benefit programs, investment practices,TRS. Advocating for ADDITIONAL FUNDING is one way to FIX and customer service, and to commit to earning and keeping the respect and trustTHE MISTAKES OF THE PAST.of the participants through quality service and by protecting retirement benefits,CTPF asked theorganizations again came together to in compliance with applicable lawsleaders of CPAA, CTU,send another letter asking the Governor and standards. and RTAC to cosignand legislators to use surplus funds a letter to Illinoisin the State of Illinois budget to make CTPF VISIONlegislators in 2007,supplemental payments to CTPF.A premier retirement system, modelingcalling attentionWe know that for more than a decade diversity, equity and inclusion, consistentlyCarlton W. Lenoir, Sr. to the drop in ourthe State of Illinois failed to live up to achieving top decile risk-adjusted returnsExecutive Director funded ratio andits promise to fund Chicago in the same addressing the Board and highly rated by our members forof Educations plans to reduce pensionway that it funded TRS. Advocating for customer service excellence. funding. The Board of Education hadadditional funding is one way to fix the failed to make necessary contributionsmistakes of the pastand we hope the to support pensions for more than aIllinois legislature will agree. We hopeIssue Highlights decade, and the bill had come due.that we can amplify our message and move forward, together. The letter marked the first majorWe communicate frequently with our CTPF Makes an Impact event in a decade of advocacy for ourlegislators and this spring we sent ourmembers which culminated in the CTPF members support the restoration of our pension tax levy inannual mailing to members of theIllinois General Assembly, which includes economy of Illinois3 2016. Additional legislation signed on August 31, 2017, reformed the IllinoisCTPFs Popular Annual Financial Report CTPF Seeks Additional education funding formula, establishedand the Economic Impact Statement. Fundingthe States obligation to fund theThe Economic Impact Statement is Stakeholder letter requests normal cost of Chicagos teacherparticularly important, as it details pensions, and provided funding forthe significant contributions that CTPF State Funding4 retiree health insurance. members make to the Illinois economy through the $1.5 billion in pension CTPF EARNS 2023 GREATThat legislation marked a triumphpayments they receive and the 13,802 PLACE WORK CERTIFICATIONfor advocacy, and set CTPF on a solidjobs they support. Survey showed that 81% of employeespath with diverse, stable, and moreCTPF takes great pride in the work that equitable funding. Yet, that path is a said CTPF is a great place to work4long oneit will take until 2059 for usits members do to educate and nurture to reach the 90% funding threshold. ForChicagos children and communities Trustees Recognizedmany of us, thats too long to wait toacross the State, and we look forward to & Appointedcorrect the mistakes of the past.supporting you and providing for your Trailblazer, Service Awards Presented During February, CTPF saw historyfinancial security in retirement. & Miquel A. Lewis joins Board5 repeat itselfwhen our stakeholder-CTPF Releases ACFR & PAFR 2022 Financial Report Summary & Highlights 6MEMBER STATEMENTS GO GREENEXAMPLE ONLYTown Hall Webinar This fall CTPF will make Annual Member Statements The spring webinar will be heldavailable in the myCTPF Member Self Service Portal. Thursday, June 1, 20236 Statements will not be sent by mail. Statements for 2022 are expected to be available beginning November 2023. Annual Trustee ElectionsStatements from 2020 and 2021 are already available in theportal. Members should register at myCTPF.org to access CTPF to hold elections this fall7 their statements. Find more information at ctpf.org/memberstatements. 2'