His pension should be quite comfortable after chief executive work at both Caltrans and CAHSR. Given his relatively short tenure at both places, it's highly unlikely that his paycheck deductions even come close to what his employees had/have to pay for their pensions (since the reforms). Gainful employment for him is likely optional at this point. Note that he never actually worked for Tutor-Perini before CAHSR, though he was at Parsons-Brinkerhoff.
Brief bio simply ends after Morales' time at CAHSR: [
en.wikipedia.org]