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 (like cities, towns, and counties) to purchase unused sick leave from public employees under strict limits. It prohibits paying more than $15,000 in supplemental compensation for unused sick leave upon retirement, caps annual purchases at 120 hours per employee, and requires payments to not exceed 60% of the leave's value based on pensionable salary. Employees must retain at least 800 hours of unused sick leave after any purchase, and local governments cannot use emergency funds to cover these purchases. The bill directly affects public employees in New Jersey political subdivisions who may sell unused sick leave before retirement.