Allows political subdivisions of State to purchase unused sick leave from officer or employee under certain circumstances; prohibits authorizing special emergency appropriations for unused sick leave purchases.

This bill allows New Jersey local governments (political subdivisions) to purchase unused sick leave from employees under specific conditions. It sets clear limits: purchases can't exceed 60% of the sick leave's value, can't exceed 120 hours per employee annually, and requires employees to retain at least 800 hours of unused sick leave. The bill also prohibits using special emergency funds to purchase unused sick leave before an employee's layoff or retirement. It applies to local government employees who have accumulated sick leave, particularly those nearing retirement. This legislation amends existing sick leave and retirement compensation laws to establish these new purchase parameters for local government entities.