Prospectus by Investment Company - Form 497

EMPOWER ANNUITY INSURANCE COMPANY

EAIC VARIABLE CONTRACT ACCOUNT A

Empower Retirement Security Annuity III

Supplement to Prospectus Dated May 1, 2024

Supplement dated October 24, 2024

This Supplement should be read and retained with the current Prospectus for your Annuity. This Supplement is intended to update certain information in the Prospectus for your Annuity. If you would like another copy of the current Prospectus, please contact us at

We are issuing this supplement to update expense and expense related information associated with the PGIM 60/40 Allocation Fund, effective September 27, 2024. We are also updating, effective immediately, certain information associated with the PGIM Balanced Fund.

PROSPECTUS CHANGES

1. 

(a) In the " " section of the "FEES AND EXPENSES" table, we are replacing the Annual Fee chart with the following:

1 The Base Contract fee includes the fee for the IncomeFlex Target Benefit and the mortality and expense fee. 2 The Optional Benefit is the Optional Spousal Benefit.

(b) In the " " section of the "FEES AND EXPENSES" table, we are replacing the Lowest Annual Cost and Highest Annual Cost chart with the following:

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2. 

We are replacing the table entitled "Annual Portfolio Company Expenses" with the following:

3. 

We are replacing the entitled "Underlying Mutual Fund Fees" with the :

UNDERLYING MUTUAL FUND FEES

When you allocate a Purchase Payment or a transfer to the Variable Investment Options, we in turn invest in shares of a corresponding underlying mutual fund. Those funds charge fees and incur operating expenses that are in addition to the Contract-related fees described in this section. Without regard to expense caps, the total fees and operating expenses of the PGIM Balanced Fund is 0.85% annually. Without regard to expense caps, the total fees and operating expenses of the PGIM 60/40 Allocation Fund is 0.52% annually. For additional information about these fund fees, please consult the prospectus for each fund.

4. 

We are replacing the chart in Appendix A with the following:

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1. Where applicable, the manager agrees to waive management fees or shared operating expenses on any share class to the same extent that it waives such expenses on any other share class. Fees and/or expenses waived and/or reimbursed by the manager for the purpose of preventing the expenses from exceeding a certain expense ratio limit may be recouped by the manager within the same fiscal year during which such waiver and/or reimbursement is made if such recoupment can be realized without exceeding the expense limit in effect at the time of the recoupment for that fiscal year. This waiver may not be terminated prior to January 31, 2025 without the prior approval of the fund's Board of Directors.

2 The manager has contractually agreed, through November 30, 2025, to limit Current Expenses after fee waivers and/or expense reimbursements to 0.40% of average daily net assets for Class R6 shares. This contractual waiver includes acquired fund fees and expenses, and excludes fund and any acquired fund interest, brokerage, taxes (such as income and foreign withholding taxes, stamp duty and deferred tax expenses), extraordinary expenses, and certain other fund expenses such as dividend and interest expense and broker charges on short sales. Fees and/or expenses waived and/or reimbursed by the manager for the purpose of preventing the expenses from exceeding a certain expense ratio limit may be recouped by the manager within the same fiscal year during which such waiver and/or reimbursement is made if such recoupment can be realized without exceeding the expense limit in effect at the time of the waiver/reimbursement and/or recoupment for that fiscal year, as applicable. This waiver may not be terminated prior to November 30, 2025 without the prior approval of the fund's Board of Trustees.

PLEASE RETAIN THIS SUPPLEMENT WITH YOUR PROSPECTUS

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