(1) The Chairperson and Members shall hold office as such for a term of one year from the date on which they enter upon their office or until they submit the report to the Government or attain the age of sixty-five years, whichever is earlier :
Provided that the Government may for reasons to be recorded in writing, extend the term of the Commission for a period not exceeding six months :
Provided further that any member may, by writing under his hand, addressed to the Government, resign from the office.
(2) The salary, allowances and other conditions of service of Chairperson and a Member shall be such as may be prescribed from time to time :
Provided that if the Chairperson or a Member is at the time of his appointment eligible for, or in respect of, a pension in respect of any previous service, his salary in respect of service of Chairperson or a Member shall be reduced, ––
(a) by the amount of that pension ; and
(b) if he has, before such appointment, received, in lieu of a portion of the pension due to him in respect of such previous service, the commuted value thereof, by the amount of that portion of the pension.