AN ACT RELATING TO EDUCATION -- TEACHERS' RETIREMENT (SEE TITLE 16 CHAPTER 97-THE RHODE ISLAND BOARD OF EDUCATION ACT) (Effective January 1, 2023, the current COLA suspension schedule would be replaced with a fractional annual COLA of twenty-five percent (25%) of the COLA declared for that plan year, as it pertains to retired teachers, state and municipal employees.)