VARIABLE ANNUITY I SER ACC OF GRT WEST LI & ANNU INS CO OF NY

Form Type: 497VPU

Filing Date: 2024-12-23

Corporate Action: Liquidation

Type: Update

Accession Number: 000110465924131151

Comments: This Supplement dated December 23, 2024, amends information related to the variable annuity contracts issued by Empower Annuity Insurance Company of America and Empower Life & Annuity Insurance Company of New York. Notably, the Board of Trustees of the Goldman Sachs Variable Insurance Trust has approved the liquidation of the Goldman Sachs Multi-Strategy Alternatives Portfolio, which is expected to occur around April 11, 2025. Post-liquidation, this Fund will no longer be available as a Sub-Account under the Contract. Contract owners can still purchase shares until April 7, 2025, after which any Annuity Account Value allocated to the Goldman Sachs Multi-Strategy Alternatives Portfolio Sub-Account will be automatically transferred to the Schwab Government Money Market Portfolio. The Supplement outlines the transfer rights and the process to encourage contract owners to manage their investments efficiently before and after the liquidation date.

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Form Type: 497VPU

Filing Date: 2024-12-23

Corporate Action: Liquidation

Type: New

Accession Number: 000110465924131155

Comments: On December 23, 2024, a Supplement to the Updating Summary Prospectus and Prospectus for Variable Annuity contracts issued by Empower Annuity Insurance Company of America and Empower Life & Annuity Insurance Company of New York was released. The Supplement announces the Board of Trustees of the Goldman Sachs Variable Insurance Trust has approved a plan to liquidate the Goldman Sachs Multi-Strategy Alternatives Portfolio as of April 11, 2025. Following the liquidation, the Sub-Account related to this Fund will also be closed and no longer available. Existing Contract Owners will be able to purchase shares until April 7, 2025, after which any value allocated to the Fund will be automatically transferred to the Schwab® Government Money Market Portfolio after the Fund closes. The document also outlines the transfer rights of Contract Owners and states that transfers among Sub-Accounts will incur no fees until the Liquidation Date. Furthermore, it encourages Contract Owners to review their investment allocations ahead of the upcoming changes.

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Form Type: 497

Filing Date: 2024-12-12

Corporate Action: Liquidation

Type: Update

Accession Number: 000110465924127879

Comments: The submission details a Supplement amending the Prospectus for various Schwab OneSource and Advisor Choice Variable Annuity contracts issued by Empower Annuity Insurance Company and Empower Life & Annuity Insurance Company. This Supplement informs investors about the reorganization of the PSF Natural Resources Portfolio into the PSF PGIM Jennison Blend Portfolio, pending shareholder approval. A proxy statement/prospectus is scheduled for mailing on January 23, 2025, with a special shareholder meeting on March 5, 2025. It is anticipated that the reorganization will occur in the second quarter of 2025, upon approval. The document outlines that current investments in the Target Portfolio will be automatically transitioned to the Acquiring Portfolio, and there will be no changes to rights, obligations, fees, or tax implications for contract holders due to this action.

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Form Type: 497VPU

Filing Date: 2024-12-12

Corporate Action: Liquidation

Type: Update

Accession Number: 000110465924127885

Comments: The document serves as a supplement to various prospectuses for Schwab OneSource Annuity and Schwab Advisor Choice Variable Annuity contracts issued by Empower Annuity Insurance Company of America and Empower Life & Annuity Insurance Company of New York. It details the reorganization of the PSF Natural Resources Portfolio into the PSF PGIM Jennison Blend Portfolio, which is subject to shareholder approval. A proxy statement will be sent to shareholders on or about January 23, 2025, and a meeting will occur on March 5, 2025. If approved, the reorganization is anticipated to take place in the second quarter of 2025, at which point the Target Portfolio will liquidate, and the Annuity Account Values will transition to the Acquiring Portfolio. The document reassures that the rights and obligations under the contract remain unchanged, and there are no changes to fees or tax implications.

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