N.J. Admin. Code § 5:30-15.2
The following words and terms, as used in this subchapter, shall have the following meanings, unless the context clearly indicates otherwise.
"Accumulated absence" means any sick days, vacation days, personal days, compensatory time, or other absence time authorized as part of an employer agreement, which is not used by the employee during the allowed period, and which is permitted to accumulate over time to the benefit of the employee.
"Chief financial officer" means, except in the case of a municipality or county, the director of revenue and finance, comptroller, treasurer, collector or other financial officer of a local unit. In the case of a municipality, the chief financial officer means the person appointed pursuant to section 5 of P.L. 1998, c. 110 (40A:9-140.1 0); in the case of a county, the chief financial officer means the person appointed pursuant to section 4 of P.L. 1993, c.87 (40A:9-28.4).
"Compensated absence" means the value of accumulated absence which is paid to the employee upon separation from the employer, pursuant to an employer agreement or local policy.
"Employee" means a member of a State administered pension program who is eligible for compensated absence benefits, pursuant to an employer agreement.
"Employer agreement" or "agreement" means a duly negotiated and approved labor agreement between the local unit and a collective bargaining organization; or a local unit employer practice or an agreement provided by ordinance or resolution as appropriate to the local unit, which, subject to law, allows the employee to accumulate sick days, vacation days, personal days, compensatory time, or other absence time, and which obligates the local unit to compensate the employee for the value of that time upon separation from employment.
"Local unit" means any county, municipality, regional service agency, or a local public authority or fire district that is subject to the Local Authorities Fiscal Control Law, N.J.S.A. 40A:5A-1 et seq.
"Separation from employment" means retirement, or termination of employment, pursuant to local policy.
N.J. Admin. Code § 5:30-15.2