Form 497VPI VARIABLE ANNUITY ACCOUNT

Voya Retirement Insurance and Annuity Company

and its

Variable Annuity Account I

 

RETIREMENT MASTER

A GROUP DEFERRED FIXED AND VARIABLE ANNUITY CONTRACT

 

Supplement Dated July 25, 2025 to the Contract Prospectus,

Initial Summary Prospectus, and Updating Summary Prospectus,

each dated May 1, 2025, as amended

 

This supplement to the variable annuity contract prospectus (“contract prospectus”), initial summary prospectus and updating summary prospectus (“summary prospectuses”), updates and amends certain information contained in them. Please read this supplement carefully and keep it with the contract prospectus and summary prospectuses that you may have received, for future reference. Capitalized terms not defined in this supplement shall have the meaning given to them in the contract prospectus and summary prospectuses.

__________________________________________________________________________

 

NOTICE OF IMPORTANT INFORMATION ABOUT
UPCOMING FUND NAME CHANGE

 

The Board of Trustees for the Neuberger Berman Equity Fund^® (“Equity Fund”) has approved a change in the name of the Sustainable Equity Fund (the “Fund”). Accordingly, effective July 28, 2025, the name of the Fund will change as follows:

 

Current Fund Name	New Fund Name
Neuberger Berman Sustainable Equity Fund	Neuberger Berman Quality Equity Fund

 

****

 

NOTICE OF IMPORTANT INFORMATION

ABOUT A PROPOSED FUND REORGANIZATION

 

On May 15, 2025, the Board of Directors of Voya Partners, Inc. (the “Board”) approved a proposal to reorganize the Disappearing Portfolio with and into the following “Surviving Portfolio” (the “Reorganization”):

 

Disappearing Portfolios	Surviving Portfolio
VY® T. Rowe Price Growth Equity Portfolio	Voya Large Cap Growth Portfolio (a series of Voya Investors Trust)

 

The proposed Reorganization is subject to approval by the shareholders of the Disappearing Portfolio. A proxy statement/prospectus detailing the proposed Reorganization is expected to be mailed to the Disappearing Portfolio’s shareholders on or about August 29, 2025, and a shareholder meeting is scheduled to be held on or about October 14, 2025. The Disappearing Portfolio will notify its shareholders if shareholder approval of the proposed Reorganization is not obtained. If shareholder approval of the proposed Reorganization is obtained, it is expected that the proposed Reorganization will take place at the close of business on or about November 21, 2025 (the “Closing Date”).

 

If shareholders of the Disappearing Portfolio approve the proposed Reorganization, from the open of business on October 15, 2025 through the close of business on November 21, 2025, the Disappearing Portfolio will be in a “transition period” during which time the Disappearing Portfolio’s holdings will be aligned with those of the Surviving Portfolio. During this time, the Disappearing Portfolio may not be pursuing its investment objective and strategies,

 

 

X.130822-25A

July 2025

and limitations on permissible investments and investment restrictions will not apply. The sales and purchases of securities during the transition period are expected to result in buy and sell transactions and such transactions may be made at a disadvantageous time.

 

Following the Reorganization, the Disappearing Portfolio’s shareholders will hold corresponding shares of the Surviving Portfolio.

 

****

 

MORE INFORMATION IS AVAILABLE

 

More information about the funds available through your contract, including information about the risks associated with investing in them can be found in the contract prospectus, summary prospectuses, and Statement of Additional Information for each fund. You may obtain these documents by contacting Customer Service.

 

If you received a summary prospectus for any of the funds available through your contract, you may obtain a full contract prospectus and other fund information free of charge by either accessing the internet address, calling the telephone number, or sending an email request to the email address shown on the front of the fund’s summary prospectus.

 

Please retain this supplement for future reference.

 

Insurance products, annuities and retirement plan funding issued by (third party administrative services may also be provided by) Voya Retirement Insurance and Annuity Company, One Orange Way, Windsor, CT 06095. Securities are distributed by Voya Financial Partners, LLC (member SIPC). Securities may also be distributed through other broker-dealers with which Voya Financial Partners, LLC has selling agreements.

 

 

X.130822-25A

July 2025

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Stracka Golf Expands Golf Intelligence API for AI App Developers
• Chase Corporation Acquires Hylomar
• American Society of Landscape Architects Announces its 2026 Professional Awards