3. REPORT, Committee on Finance, recommending that the City Council take “NO FURTHER ACTION” on the COMMUNICATION, Atty. Eric C. Cohen, Executive Director of the New Bedford Retirement Board, to the City Council, advising that on March 24, 2023, the Board voted to grant a Cost of Living Adjustment (COLA) allowance of 3% to retirees, effective July 1, 2023.

3a. COMMUNICATION, Atty. Eric C. Cohen, Executive Director of the New Bedford Retirement Board, to the City Council, advising that on March 24, 2023, the Board voted to grant a Cost of Living Adjustment (COLA) allowance of 3% to retirees, effective July 1, 2023. (Copy all Councillors via email March 27, 2023.) (Referred to the Committee on Finance – April 13, 2023.)