Rule 4 - Retirement from parent service on appointment as Chairman or Vice-Chairman or Member - Settlement Commission (Income-tax and Wealth-tax) (Recruitment and Conditions of Service of Chairman, Vice-Chairmen and Members) Rules, 2015

4. Retirement from parent service on appointment as Chairman or Vice-Chairman or Member .-- (1) Where, a Member, on the date of his appointment to the Commission, was in service under the Central Government, he shall seek retirement from such service before joining the Commission, and shall be deemed to have so retired on the date of his joining the Commission. (2) On retirement as specified under sub-rule (1), the Member- (i) shall be entitled to receive pension, gratuity and commutation of pension in accordance with the retirement rules applicable to him; (ii) shall not be allowed to carry forward his earned leave but shall be entitled to receive cash equivalent of leave salary, if any, in accordance with the rules applicable to him prior to his retirement; (iii) shall, on the expiry of the term of his office in the Commission, whether as Member or in continuation as Vice-Chairman or Chairman, as the case may be, be entitled to receive cash equivalent to leave salary in respect of the earned leave standing to his credit subject to the condition that the maximum of leave encashed under this sub-rule and at the time of retirement from previous service, taking together, shall not in any case exceed three hundred days.