### Question
What is the definition of eligible individual?


### Answer
The definition of **eligible individual** is as follows in *26 U.S.C. § 4980A*:

> any individual if, on August 1, 1986, the present value of such individual's interests in qualified employer plans and individual retirement plans exceeded $562,500

#### Citation:
  - *26 U.S.C. § 4980A*
  - Heading: **Subtitle D-Miscellaneous Excise Taxes > CHAPTER 43-QUALIFIED PENSION, ETC., PLANS**

