7. COMMUNICATION, Councillor Morad, submitting communications from the Executive Director of the New Bedford Retirement Board regarding the vote taken by the Board to increase the COLA base from $12,000 to $14,000 and KMS Actuaries regarding the impact on the New Bedford Contributory Retirement System’s liabilities and appropriations as a result of increasing the COLA base. (To be Referred to the Committee on Finance.) (Ref’d 10/13/2022)