Indian Polity · Polity

Consider the following statements regarding pension systems in India: I. Under the Old Pension Scheme (OPS), retirees receive a defined benefit pension funded entirely by the government, typically calculated as 50% of their last drawn salary. II. Under the National Pension System (NPS) for government employees, both the employee and government make contributions during service, and the pension depends on market returns. III. The Unified Pension Scheme (UPS) incorporates guaranteed minimum benefits while retaining employee contributions, making it a hybrid system. How many of the above statements are correct?