5. REPORT, Committee on Finance, recommending that the City Council take “NO FURTHER ACTION” on the COMMUNICATION, Council President Morad, submitting a letter from Atty. Eric C. Cohen, Executive Director of the New Bedford Retirement Board, regarding the New Bedford Contributory Retirement Board’s vote to approve an additional two percent (2%) Cost of Living Adjustment (COLA) retroactive to the beginning of Fiscal Year 2023 (July 1, 2022) at a special meeting held on April 27, 2023. 

5a. COMMUNICATION, Council President Morad, submitting a letter from Atty. Eric C. Cohen, Executive Director of the New Bedford Retirement Board, regarding the New Bedford Contributory Retirement Board’s vote to approve an additional two percent (2%) Cost of Living Adjustment (COLA) retroactive to the beginning of Fiscal Year 2023 (July 1, 2022) at a special meeting held on April 27, 2023. (To be Referred to the Committee on Finance.) (Referred to the Committee on Finance – May 11, 2023.)