Eliminates payments for unused sick leave earned after effective date; limits carry forward of unused vacation leave; requires suspension and forfeiture of certain payments; limits use of unused sick leave in year before retirement.

This bill changes how New Jersey public employees receive cash payments for unused sick leave upon retirement. It caps these payments at $15,000 (the previous limit) and stops payments for sick leave earned after the bill's effective date. It also limits how much unused vacation leave can be carried forward and requires suspension of payments if an employee is indicted for certain crimes, with full forfeiture if convicted of qualifying offenses. These changes directly affect public employees in school districts, government agencies, and other public workplaces covered by New Jersey's sick leave laws.