1. ACCA WEBINAR SERIES RSA – 1 Deferred Compensation a 457(b) Plan 14 September 2016

2. RSA – 1 Secure a better tomorrow OUR PRESENTER Sharon Massey Field Representative – Retirement Systems of Alabama

3. RSA-1 Keeping on top of your retirement Saving more for your Golden Years Using RSA-1 to your advantage Accessing RSA-1 as a retiree OVERVIEW

4. RSA-1 Retirement Preparation Seminars Full day program Must be within 5 years of retirement eligibility Schedules are posted each January on the RSA website, and packets are mailed to your college Human Resources office. Early to Mid-Career Seminars Half day program For all members not eligible for the Retirement Preparation Seminars Schedules are posted each January on the RSA website, and packets are mailed to your college Human Resources office. STAY ON TOP OF YOUR RETIREMENT !

5. RSA-1 GET THE RIGHT INFORMATION Call into RSA and ask to speak with TRS, PEEHIP, and RSA-1 Counselors. You can always walk into the main office in Montgomery or make an appointment. Download our handbooks! There is a lot information in them.

6. RSA-1 HOW WILL YOU FUND RETIREMENT ? 1.Monthly RSA Benefit – your pension 2.Social Security 3.A Personal Savings Plan RSA-1 could be your Personal Savings Plan.

7. RSA-1 WHAT IS THE RSA-1 PLAN ? An eligible 457 Deferred Compensation Plan Allows you to defer a portion of your salary until a later time – RETIREMENT Earnings, too, are tax deferred!

8. RSA-1 INVESTMENT OPTIONS 1.Bond Fund Majority Corporate & Governmental Bonds 2.Stock Fund S&P 500 Index Fund 3. Short Term Investment Fund (STIF) Mix of securities, U.S. T-Bills, and notes

9. RSA-1 INVESTMENT OPTIONS Members & Beneficiaries can modify the investment options once every 90 days. Choose to invest your existing account balance differently than your future deferrals. Split among the 3 investment options. For example, percentages could be: 50/25/25 or 75/0/25 or 80/20/0, and so on.

10. RSA-1 INVESTMENTS: WHO MAKES THE DECISIONS ? Dr. Bronner & the RSA Investment Staff - The same people who invest your retirement monies do the investing for the RSA-1 Deferred Compensation Plan.

11. RSA-1 NO FEES! You will pay NO FEES for your RSA-1 Account. Remember: We are public service employees just like you!

12. RSA-1 CONTRIBUTIONS: MINIMUM & MAXIMUMS There is currently no set minimum contribution. For instance, it could be only $10.00 per pay period. The maximums in 2016 are set at: $18,000.00/year if under age 50 $24,000.00/year if age 50 or older $36,000.00/year if you are eligible & participating in “Special Catch-up.”

13. RSA-1 WILL RSA-1 DEFERRALS AFFECT MY RETIREMENT BENEFIT ? NO! Your monthly TRS retirement benefit is calculated by using your gross salary.

14. RSA-1 HOW DO I GET MY MONEY OUT ? 1)Separate from service through retirement or termination from employment, OR 2)Attain age 70 ½, OR 3)Experience an Unforeseeable Emergency as defined by the US Treasury.

15. RSA-1 DISTRIBUTIONS Lump Sum Partial Lump Sum Equal Monthly or Annual Payments Delay distribution until a future date (by April 1 st of the year following the year you reach age 70 ½).

16. RSA-1 ANOTHER GREAT RSA-1 BENEFIT Your RSA-1 funds may be used to purchase permissible service credit. Such as: Withdrawn Service Military Service Out-of-State Public Service

17. RSA-1 JOINING RSA-1 IS SIMPLE ! Just complete the following forms which can be found in the back of the RSA-1 Handbook that can be downloaded from the RSA website: 1)Enrollment Form (Send to RSA) 2)Beneficiary Designation Form (Send to RSA) 3)Investment Option Election Form (Send to RSA) 4)Authorization to Defer Form (Give to your payroll officer)

18. RSA-1 REMEMBER THIS … There is no open enrollment period for RSA-1; you can join at any time. Deferral amounts may be changed at any time in accordance with your college’s policy. You are mailed RSA-1 account statements on a quarterly basis.

19. RSA-1 PAY YOURSELF FIRST ! Get more information on RSA-1 by visiting our website at: www.rsa-al.gov Or by phone: (877) 517-0020 or (334) 517-7000

20. ACCA WEBINAR 14 September 2016 www.alabamacca.org