RSA-1 is an eligible deferred compensation plan as defined by Section 457 of the Internal Revenue Code of the United States and is authorized by §36-27A-1, et. seq., Code of Alabama 1975, as amended. There are no fees for participating in the RSA-1 Deferred Compensation Plan. An employee may elect to begin participation in RSA-1 during any month, with actual deferral of compensation becoming effective the following month. The amount being deferred may be changed upon appropriate notification to the Payroll Clerk. Additional information is available on request from the Payroll Clerk as well from the Retirement Systems of Alabama website.