GSIS honors top LGUs and agencies for protecting public assets

December 17, 2024
8:35AM PHT

The Government Service Insurance System (GSIS) celebrated 24 local government units (LGUs) and two national agencies for their exemplary efforts to protect public assets during the Seal of Protection Awards: Pagpupugay sa mga Kaagapay ng GSIS on Nov. 28, 2024 at its head office in Pasay City.

The awards underscore the commitment of LGUs and agencies to safeguard government properties through insurance coverage, aligning with GSIS’ mandate under Republic Act No. 656, or the Property Insurance Law. 

GSIS President and General Manager Wick Veloso emphasized the significance of insuring public assets, saying, “Every insured building, vehicle, or facility helps ensure uninterrupted public service.”

Gold awards were presented to the city governments of Iloilo, Makati, Pasig, and Valenzuela for their outstanding asset protection initiatives. Silver awards were given to notable LGUs including Navotas, Puerto Galera, and Solano, while bronze awards went to 14 LGUs, including Caloocan, Quezon City, and Puerto Princesa.

Special recognitions were also conferred to the Bureau of the Treasury, for spearheading the National Indemnity Insurance Program, and the Department of Education Provident Fund, for providing personal accident insurance to educators and staff.

“This event showcases the spirit of Bagong Pilipinas—prioritizing care, responsibility, and efficiency in public resource management,” Veloso added.

The Seal of Protection Awards reinforce GSIS’s advocacy for preparedness and accountability, inspiring more LGUs and agencies to protect public resources for sustainable governance.-- Ed: CSN

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