My name is Jana Ray. Good afternoon. Thank you for inviting us to speak today.
In the fall of 2018, we released our FACES platform. Some of you may be familiar with this document. It was our pre-election platform at that time. Within this document, 19 asks of government were made. I'm bringing forward an update that is a part of the notes I've provided to the committee as well. I'll be highlighting some of the items here that perhaps are still outstanding, as well as the things to which we are now turning our gaze.
First and foremost, we wanted to call out pension protection. This has long been on our docket of items to advocate for. We would like to see the creation of a federal pension insurance program that insures 100% of the pension liability in cases of insolvency. We believe this can be fully funded by plan sponsors, and while this will only really impact federally regulated pensions, we think it could create a similar model for plans at the provincial level as well.
We are also looking for amending insolvency legislation to extend superpriority to unfunded pension liability. We know this doesn't guarantee pensioners that they would receive 100% of their pensions, but we believe this is important to provide increased pension security to all pensioners of companies that are entering insolvency.
Last, this was not in our FACES document, but we're asking the government to commission a third party study to explore alternative legislative and regulatory solutions that will ensure pensioners receive 100% of their pensions in the event of corporate insolvency. The research we're asking for obviously would involve all stakeholders and important individuals within the sector, as well as academics, actuaries, employee representatives and defined benefit pensioners.
We are also looking for the federal government to implement its promise to boost old age security by 10% for people 75 and older. We are looking for the implementation of the promise to increase the Canada pension plan survivor benefit by 25% for people 65 and older, from 60% to 75%.
I'm going to skip a couple of items here.
We're also looking specifically for attention to be given to caregivers. A recent study in the province of Alberta showed that $66 billion was saved through family caregiving. It was saved, obviously, in health care dollars. It saves the government a lot in terms of the care that's provided in-home by many of our caregivers. We're that hoping the government will consider giving a Canada caregiver tax credit.
We're also hoping that they will look, for example, at caregivers and family caregivers in the same sort of spirit that they look at young families and families that deal with individuals who are disabled. There are a lot of supports and credits that come to those families.
We see family caregivers giving up their jobs. I am someone with lived experience. I work full time. My spouse does not work. He is a full-time caregiver to my mother, who had a stroke in 2013. This is obviously very near and dear to me, but also to many of our caregivers. Two-thirds of our particular membership surveyed indicated that they have at one time been a caregiver or expect that they will be in short order.
In recommendations on health care, we also would be looking for adopting and implementing a universal, comprehensive, sustainable and evidence-based national pharmacare program. That should probably come as no shock to many of you. We are looking for that commitment of dollars, $3.5 billion needed by 2022 to roll out national pharmacare.
We would ask that funding of vaccines also be a part of the pharmacare program. We had a national conversation on preventive health and aging last year. I personally attended six events that were held across Canada. We had members of the general public there, as well as CARP members and subject matter experts. That was really well received. We know there's a lot of room to grow as far as vaccines go in making sure that older adults have access to vaccines.
We're also looking for funded innovation and modernization initiatives to ensure that dollars spent on health care are achieving the best possible outcomes. We want to make sure that any transfers of dollars made by the federal government, especially around strategic initiatives—for instance, innovative dementia care or vaccines and this sort of thing—are not simply absorbed into provincial health care budgets. That's critically important to us as well.
Those are the highlights of the items that are on our list.