RSA-1 Deferred Compensation Plan
RSA-1 is a powerful tool to help you reach your retirement dreams. As a supplement to other retirement benefits or savings that you may have, this voluntary plan allows you to save and invest extra money for retirement, tax-deferred. Not only will you defer taxes immediately, but your contributions and any earnings will also grow on a tax-deferred basis as well. The RSA-1 Plan is an Internal Revenue Code Section 457 deferred compensation plan for public employees.
How the SECURE 2.0 Act affects Required Minimum Distributions for RSA-1
On December 29, 2022, the SECURE 2.0 Act was signed into law. Please be advised that this new law changes the age for Required Minimum Distributions from 72 to 73, effective January 1, 2023. Accordingly, members of RSA-1 who turn 72 after December 31, 2022, will not be required to take a Required Minimum Distribution until the year in which they turn 73. Please note that if you are employed full-time, you are not required to take your RMD.
For instructional videos, click here: RSA-1 videos
Why choose RSA-1:
- No Fees
- Deferring to RSA-1 Equals Tax Savings
- Effects of Saving Over Time
- The Power of Compounding
- The Advantage of Beginning Early
RSA-1 BOARD MEETING FOR 8/27/2025
RSA-1 BOARD MEETING FOR 8/28/2024
RSA-1 BOARD MEETING FOR 8/22/2023
RSA-1 BOARD MEETING FOR 8/17/2022
RSA-1 BOARD MEETING FOR 8/17/2021
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