b'ContinuedChair Martwick opened the meeting, reflecting on CTPFs 130 thanniversary and highlighting the importance of supporting retirees for life. His moving testimony cited the examples of 107-year-old retiree Beatrice Lumpkin and 111-year-old Edith Renfrow Smith who attended the August Board of Trustees meeting in celebration of CTPFs 130 thanniversary.CTPFs Executive Director Carlton W. Lenoir, Sr., offered testimony along with Trustee Maria J. Rodriguez who shared a retiree perspective and TrusteeQuentin S. Washington, Chair of the Pension Law and Rules Committee, whoCTPF Trustees and Staff appeared before the Illinois Senate Pensions offered an active member perspective. Chair Martwick noted that the retireeCommittee for a Subject Matter hearing on SB 1893 on October 15, 2025. Pictured (front row) from left to right, Chief Benefits Officer Jenn health subsidy has remained unchanged for 21 years and shared that hePentangelo; Trustee Maria J. Rodriguez; Executive Director Carlton W. intends to move SB 1893 in the spring session. This legislation is not just aLenoir, Sr.; Trustee and Chair of the Pension Law and Rules Committee financial adjustment; it is a lifeline for thousands of retired educators whoQuentin S. Washington; Senior Manager of Benefits Carrie Berkich; (back row) Senator Robert F. Martwick, Committee Chair; CTPF Vice President dedicated their lives to serving Chicagos students. Access to affordable,Jacquelyn Price Ward; CTPF President Jeffery Blackwell.reliable health care in retirement is not a luxury for our members; it is a necessity. We are grateful for the support from Senator Martwick and the opportunity to share information with lawmakers, said CTPF Executive Director Carlton W. Lenoir, Sr.We also appreciate the tremendous response we received from our members on behalf of SB 1893. Nearly 900 completed witness slips for this legislation, demonstrating widespread support from both active and retired teachers, said Lenoir. We will again call on our members to share their support during the spring legislative session, and we encour-age members to stay informed by following CTPF email communications and social media. CTPF expects additional activity and subject matter hearings during the 2026 spring legislative session and will share additional information as it becomes available. Visit ctpf.org/sos to find a fact sheet and additional information on SB 1893/ HB 4396.CTPF funds pensions through revenue returned on investments and from four external sources: the Chicago Board of Education, the State of Illinois,Margaret Peg A. Olson, a former Trustee of a property tax levy, and member contributions.the Chicago Teachers Pension Fund (CTPF), CTPF contributions in 2025 totaled $1.3 billion, includingpassed on October 15, 2025, at the age of 86. (as of January 15, 2026): Trustee Olsons legacy at CTPF includesMargaret Olson $262.6 million from Employee contributions nearly two decades of dedicated service as19392025 $661.6 million from the Chicago Board of Education a Teacher Trustee.(including property tax revenue) She began her tenure in November 1973 serving until August$353.9 million from the State of Illinois 1991, holding key leadership roles including Chairman of the Total balance of $238.3 million is outstanding and Committee on Claims & Service Credits (19751977, 1989expected, with interest, by the end of January 2026. 1991) and Recording Secretary (19771989). In October FUNDED RATIO 1991, Trustee Olson was formally recognized CTPFs funded status is 47.9%, calculated annually by theby the Board of Trustees for her outstanding service Funds actuary using data as of June 30. The 2025 Actuarialand invaluable contributions, honored with a plaque report is available at ctpf.org.commemorating her commitment to CTPF. CTPF PENSIONSRead more of Margaret Peg A. Olsons story at ctpf.org.When members vest, they qualify for a lifetime pension, guaranteed by the Illinois Constitution. Pensions are determined by a formula, and do not change with market conditions. FINANCIAL & INVESTMENTS REPORTSCTPF is committed to fiscal transparency. Audited financial statements, actuarial, and investment reports can be found at ctpf.org/financial-investment-reports.4'