Sign or not get paid for what they have done. That is what it is. My wife worked for stinking Bank of America. She was there 32 years. One morning they called everyone around the country that did the same job as her section. All were told their jobs were terminated. They would get one year’s salary IF THEY SIGNED a document saying they would not sue for age discrimination in the future. It seems that over 75% of the people in these jobs were over age 55 and had been with the bank for years. No signature, no year’s buy out. My wife signed, took the money and had enough time to at least officially retire. Same crap. Sign or take your chances IF YOU CAN PROVE that we did this because of age.
Yes, it happens all the time. Deferred compensation in most companies is a carrot dangled for fools. The company can cut it off any time. There is no honor, no shame, no guilt. It all brings up horrible memories.
I tell kids to take a job only for the training and then quit and go independent if you can as soon as you can. Many times Corporations will not keep you through the valleys. The unwritten contract of loyalty between labor and management is pretty much just dead. You’ll only be kept and paid as long as you are immediately useful. Not useful for any time, thrown away.
My private banker at BoA was summarily dismissed just as your wife. After that the bank got worse each time I went there. Eventually it looked like a pay day loan agency for illegals. The staff were all spanish speakers. The day one of them made a remark about my balance I told him to get the manager. In his presence at the counter I told them very loudly I wanted a cashier’s check for my entire balance, all my business accounts.
I hate Bank of America. They insult what was once a great name and nation.