NY Life Faces Age Discrimination Suit from Former Senior VP

September 11, 2017 by Jay Cooper

A high-ranking former New York Life executive has filed a lawsuit against the company, alleging it sought reasons to fire him to replace him with younger employees who made less and were not a part of the company’s defined benefit plan.

The plaintiff, Patrick McCraw, was a senior VP who was in charge of the New York Life’s South Central Agencies, one of the company’s four U.S. sales regions, according to a 2011 press release from New York Life. In that role, he oversaw recruiting training and development of the managing partners who led 33 general offices in the zone.

A New York Life spokesperson says the company will defend the lawsuit.

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Originally Posted at Life Annuity Specialist on September 11, 2017 by Jay Cooper.