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This document is 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. It provides important updates regarding the liquidation of the Goldman Sachs Multi-Strategy Alternatives Portfolio, including transfer rights and the implications for Contract owners.
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What is form 497?
Form 497 is a reporting form used by certain tax-exempt organizations to provide information to the IRS about their activities and financial operations.
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Organizations that are exempt from federal income tax under section 501(c)(3) and other tax-exempt entities may be required to file Form 497.
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The purpose of Form 497 is to ensure transparency and compliance with federal regulations by reporting financial activities of tax-exempt organizations to the IRS.
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Form 497 requires information on income, expenses, assets, liabilities, and details regarding the organization's activities and governance.
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