If legislation passed last week by the Florida senate is signed by the governor, Florida would produce nearly 600,000 new potential defined contribution plan customers, according to Malcolm Campbell, vice president and chief counsel for government relations of TIAA-CREF.

It would also make Florida the first state to offer a defined contribution plan to all state employees, he said. While some states offer defined contribution plans to public school teachers, no state has offered a statewide program that covers all public employees, he said.

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