State Controller Kathleen Connell described the California Public Employees' Retirement System as ``out of control'' in court documents.
Ms. Connell has filed suit against the CalPERS board of administration and James E. Burton, CEO. She is asking California Superior Court Judge Cecily Bond to overturn the regulations governing campaign contributions to fund trustees. A hearing is scheduled for tomorrow in Sacramento.
Ms. Connell is running for re-election to her state office and is an ex-officio member of the CalPERS board.
She contends her re-election bid is being seriously hurt by the restrictions.