City of Los Angeles Deferred Compensation Board later this month will...

City of Los Angeles Deferred Compensation Board later this month will consider a proposal to add investment advice for participants in its two 457 plans, which total $1.6 billion, and revise the mirrored plans’ investment options, said Steven Montagna, management analyst. The board also will consider adding a socially responsible fund and/or asset allocation portfolios, and possibly expanding the plans’ brokerage window.