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The responsibility of saving for retirement in the public sector is shifting from the employer to the employee in many jurisdictions.

“Society has now decided that the individual is responsible for their retirement plan,” Mike Guarasci, chief financial officer of ICMA-RC, said during a press briefing in New York. “We’ve shifted from defined benefit to defined contribution. Under defined benefit, you had professionals running the money, you had asset allocation and investment management run by professionals. Today you are your own CIO.”

New research from ICMA-RC, a recordkeeper and investment manager for about 9,000 public-sector plans and the Center for State and Local Government Excellence, a public-sector research center, examines the attitudes and behaviors of public-sector employees regarding retirement savings and issues driving their plan participation.

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