The pension reform should be improved, but not cancelled, MP from the Party of Regions faction Oleksandr Stoyan told a briefing in the Parliament, ForUm correspondent reports.

According to the MP, a working group to improve the pension reform was created yesterday and officially formed today. "We will certainly take into account the suggestions made by our colleagues from the opposition," he said.

At the same time, the PR member noted that the Party of Regions faction did not support today and will not support in the future the bills concerning the abolition of the pension reform. "Abolition of the pension reform will become a disaster for all pensioners," he stressed.

According to Stoyan, in the case of the reform cancellation it will be necessary to reallocate at least 7.5 billion UAH from the state budget. He stressed that if the country reallocates money for pensions, it will have negative impact on salaries increase of state employees and pension improving.

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