Speaker tells students, ‘A life guided by the 10 Commandments is an honorable life’
September 03, 2012
Newburgh, N.Y. -
Ludwig H. Bach, founder and president of Spectrum Pension and
Compensation, Inc. in Newburgh, was given the Mount Saint Mary
College Community Service Award on August 30. Pictured from left to
right: Iris J. Turkenkopf, vice president for academic affairs;
Bach and his wife Maureen Flotard Bach; and Fr. Kevin E. Mackin,
OFM, president of the college.
Ludwig H. Bach, president of Spectrum Pension and Compensation,
Inc. in Newburgh, was given the Mount Saint Mary College Community
Service Award and students were recognized for their academic
achievements at a college assembly on August 30.
Bach earned the honor with thanks for his dedicated service to
the college and the greater Newburgh community.
Fr. Kevin E. Mackin, OFM, president of the college, cited
proclamations from the New York State Senate, and certificates of
recognition from Orange County and congress, which saluted Bach for
his accomplishments. Fr. Mackin also applauded Bach’s traits
including character, honor, consistency, and enthusiasm.
A former vice chair of Mount Saint Mary College’s board of
trustees, Bach has also been active on the board for the Newburgh
Teacher Center, with the Chamber of Commerce, and with the local
fundraiser for Parkinson’s disease research. He has also served as
chair for the Mount’s annual invitational golf tournaments.
Additionally, he is the founder and managing director of Summit
Actuarial Services, LLC, and a registered representative with the
New York Life Insurance Company, also in Newburgh.
When he received the Community Service Award, Bach addressed the
students, scholarship donors, and faculty.
“I am who I am because of the foundation that I got right here,”
he began, referring to his own experience as a Mount Saint Mary
Bach advised the students that their lives will be full of many
choices. “I can also assure you that your choice of Mount Saint
Mary College was a great one. What you will learn here will give
you the tools you will need to succeed in life,” he said.
“The values and the ethics that you learn here will give you the
ability to avoid being driven by greed, or a personal agenda that
may harm other people,” he added. “As gold medalist Olympic swimmer
Missy Franklin said in a recent interview, when asked what she
attributed her success to, she said, ‘It was the advice that I got
from my parents. What they told me was work hard, love with all
your heart, and be kind.’ ”
Bach, a son of German immigrants who emphasized a strong work
ethic coupled with Catholic values, began his academic odyssey at
St. Fidelis in College Point, New York, an elementary school run by
the Dominican Sisters. He then attended Holy Cross High School in
Bayside run by the Brothers of Notre Dame. In 1978, Bach’s parents
moved the family to Warwick, NY to supplement his father’s
construction worker’s income by raising livestock and growing fruit
After graduating summa cum laude from Mount Saint Mary College
with a business degree in 1982, and gaining job experience, Bach
founded Spectrum Pension and Compensation, Inc. in 1994. Eight
years later, he started Summit Actuarial Services, LLC. Both
businesses provide consulting, administrative, and actuarial
services to sponsors of employee benefit plans. Bach is also a
registered representative with the New York Life Insurance Company.
His offices are located in Newburgh.
After Bach’s inspirational speech, more than 70 scholarships
were presented to students preparing for careers including health
professions, science, education, language arts, communications,
history, business, and other fields.