b'2022 ACFR & PAFR AVAILABLE FinancialThe 2022 Annual Comprehensive Financial Report (ACFR) which includes the Funds audited financial statements, and Snapshot the Popular Annual Financial Report (PAFR) which includes a summary of material presented in the ACFR have been RETURN ON INVESTMENTS published at ctpf.org/financialreports. The entire library of financial reports can also be found at the same link. As of February 28, 2023IS YOUR BENEFICIARY DESIGNATION Net RateTotal FundUP-TO-DATE? of Return Benchmarks CTPF uses a Designation of Beneficiary form to determine who 1 Year (5.46)%(6.93)% receives any available lump-sum death benefit or refund of contributions. The designation does not affect or determine 3 Year 7.61%6.26% survivor pension benefits. A member may change the designation at any time by submitting a new CTPF Form 105. The designation 5 Year5.95% 5.20%form becomes effective when the original signed and notarized form is received and approved by CTPF. The form must be re-10 Year7.39%6.85%ceived prior to the members death. Find the form at25 Year 6.47%6.07% ctpf.org/designate. PENSION PAYMENT SCHEDULE & UPDATES 2018 The schedule for mailing checks/direct deposit pay advices and the date for1614 posting direct deposits is listed below. View the full schedule at ctpf.org. 1210 Deadline for 8 Check Mailing DateDirect Deposit Date6 Member Updates42 June 15, 2023 June 29, 2023 July 3, 20230-2-4 July 17, 2023 July 28, 2023 August 1, 2023-6-8 August 17, 2023 August 30, 2023 September 1, 2023-10-12-16 If you need to make a change to your tax withholding or your address information, -18 please be aware of the cut-off dates. Changes received after the cut off date, -201 Year 3 Year 5 Year10 Year25 Year published at ctpf.org will be processed the following month. For any questions about address changes, please contact Member Services, 312.641.4464.Rate of Return TIMING OF PENSION PAYMENTS CTPF pension payments are made in advance at the beginning of each month. On months when a payment date falls on a holiday or weekend, payments are made on Total Fund Benchmarksthe first business day of the month. Social Security payments are made in arrears, As of February 28, 2023, meaning benefits are paid at the end of the month in which they wereearned.the approximate value ofDOUBLE PAYMENTS/TAX ISSUES CTPFs investments wasThe pension payment calendar for the year is published in advance for the entire year $11.4 billion. to help members understand when to expect their checks and to help them plan for the cash needs. CTPF cannot make payments on the last business day in advance of a new month because the practice may cause tax issues for members.A good example of this is our January 1 payment, which can be made as late as January 3, depending on when the holiday falls, explained Alise White, CFO. If CTPF paid the January 1st payment on December 29th this year, a member would see their taxable income increase for 2022. We hope that by publishing the schedule in advance, and providing payment on the first of the month, instead of holding until the end of the month, that members understand that there are important reasons for the structure of benefit payments.6'