If I get this right, a California (or any state) bureaucrat, with a vested interest in the outcome of the negotiations, especially for a higher pension, is negotiating with the labor unions who demand, and get, higher pensions.
In any other business, this would called “insider trading” and is illegal.
Unions! The money and muscle need to win elections for Democrats (and if that fails, kick propositions to an activist judge to overturn).