RSA-1 is a voluntary deferred compensation plan offered by the Retirement Systems of Alabama (TRS). As explained in the RSA-1 brochure, by contributing pre-tax dollars, a member lowers his/her taxable income and reduces the amount of taxes he/she pays. RSA-1 is a payroll deduction which makes saving easy and convenient. There is no minimum contribution amount, and the contributions may be increased, decreased, or stopped at any time and as often as desired by the member.
The maximum amount a member may defer per year is 100% of his/her includable compensation reduced by other tax-deferred retirement contributions and pre-tax salary reductions, but not more than the following annual contribution maximums:
Annual Contribution Maximum
Under Age 50: $17,000
Age 50 and Over: $22,500
Enrollment forms may be obtained in Room 217-A of the Human Resources Office, Bibb Graves Hall. More information regarding RSA-1 can be obtained on the TRS website at www.rsa-al.gov.