New Jersey S467 allows political subdivisions to buy unused sick leave from officers or employees under specific conditions and limits.
New Jersey S467 amends existing laws to allow political subdivisions to purchase unused sick leave from officers or employees, subject to certain conditions and limitations. These purchases cannot exceed 120 hours per year and must leave the employee with at least 800 hours of unused sick leave. The dollar value of the leave is based on the employee's pensionable compensation at the time of purchase, and the payment cannot exceed 60% of that value. The bill also prohibits special emergency appropriations for purchasing unused sick leave before layoff or retirement.
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