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West Michigan Rising
Rising from the Ashes to Build Our Left Coast in Michigan

Winners Announced in Inaugural National University Competition to Solve America's Retirement Crisis

by: memiller

Thu Feb 04, 2010 at 14:47:26 PM EST


Western Michigan University Takes Top $20,000 Prize in the iOMe Challenge; Texas Tech and
St. Norbert College Also Receive Honors and Cash Prizes

After extensive review, a blue-ribbon panel of judges announced today that the winner of the iOMe Challenge - and a cash prize of $20,000 and $1,000 for their faculty advisor - is the team from WesternMichigan University in Kalamazoo, Mich. The winning plan, along with a video from the students, is available at: www.iomechallenge.org. The first runner-up in the competition is the team from Texas Tech University, while the team from St. Norbert College in De Pere, Wis., received honorable mention. Three schools were named finalists: Harvard University, Saint Louis University, and LaGuardia Community College in Long Island City, N.Y.

The iOMe Challenge, which was founded by PAi, (Plan Administrators, Inc.) was created as an exciting and financially rewarding way to engage young people in the development of public policy. The students were asked to suggest changes that would help secure their financial future, start a retirement dialogue across generations and serve as a call to action on Main Street and Capitol Hill.

"These students are decades away from retirement, yet they recognize that action is needed now to secure their future," said Michael P. Kiley, president of PAi. "While still in its infancy, it's our hope the iOMe Challenge will stimulate exciting conversations that will eventually lead to a comfortable and secure retirement for all."

Senator Herb Kohl, (D- Wis.) a supporter of the Challenge and Chairman of the Senate Special Committee on Aging, commented "These students realize that the decisions made by policymakers today will have an impact on their financial future and retirement security down the line. They deserve tremendous credit for getting involved and making their voices heard in the debate. As this competition shows, important dialogue often has its roots far outside of Washington, D.C."

Photobucket

Aside from being an honor for WMU, the reason I write about this is that one member of the team of students is Brad Kent, who serves as Chair of the 6th District Democratic Committee. He's enjoying an event-packed trip to DC along with the other members of his team right now. Congratulations, Brad!

memiller :: Winners Announced in Inaugural National University Competition to Solve America's Retirement Crisis
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