4. 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 the Retirement Board intends to discuss at their April 27^th meeting, a one-time 2% additional Cost of Living Adjustment (COLA) for retirees of the system retroactive to the fiscal year commencing July 1, 2022.

4a. COMMUNICATION, Atty. Eric C. Cohen, Executive Director of the New Bedford Retirement Board, to the City Council, advising that the Retirement Board intends to discuss at their April 27^th meeting, a one-time 2% additional Cost of Living Adjustment (COLA) for retirees of the system retroactive to the fiscal year commencing July 1, 2022. (Copy all Councillors via email March 27, 2023.) (Referred to the Committee on Finance – April 13, 2023.)