Public sector unions and collective bargaining. [Ballot]

Sep 28, 2021 - If this employee earns $60,000 in their final year of service before retiri ng after working 18 years for the state, the employee will retire with an annual pension of $21,600 (18 x .02 x 60,000). This pension may increase by up to 2 percent each year, depending on actual inflation.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-008