State lawmakers seek to limit sick leave payouts

(AP) - Lawmakers in New Jersey want to end goldenparachutes for school, government and public safety workers.A Senate panel Monday advanced a bill to limit

TRENTON - (AP) - Lawmakers in New Jersey want to end goldenparachutes for school, government and public safety workers.

A Senate panel Monday advanced a bill to limit the amount ofsick and vacation time workers can cash out at retirement.

The bill limits unused sick leave payouts to $15,000 andvacation carry over to one year.

Employees who have amassed more time under existing contractswould be allowed to keep what they've accumulated. The bill wouldbar them from accumulating more.

A similar ban was previously signed into law for state workers. Taxpayers have balked at making large payouts to retiring schoolofficials, police officers and other workers.

For example, a Hackensack police chief suspended after beingcharged with insurance fraud in April is due more than $53,000 inunused sick time.

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