“Banking” unused sick pay perpetually and then taking it as a fat retirement bonus may not be an option for longtime county, municipal, and school employees much longer. The current practice has racked up $1.9 billion in debt, and cutting that liability would provide some relief to property taxpayers.
Now, two Democratic senators have introduced a bill that would limit each longtime public worker to a total of $15,000 upon retirement, the same amount that currently applies to all state workers and other public employees hired after 2010.
Similar efforts failed in the last legislative session, but those bills were sponsored by Republicans. This bill, S-2300, is sponsored by Sens. Paul Sarlo (D-Bergen) and Vin Gopal (D-Monmouth).