Glossary beginning with T

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T
Technical return
Ratio of the service value of a point to the purchase value of a point.
Threshold
The threshold that determines whether a pension is paid in the form of a lump sum or annuities, currently 5,125 points. Beneficiaries who have accrued up to 5,124 points (inclusive) receive a lump sum and those who have accrued 5,125 points or more receive annuities.
Tracking error
Tracking error represents the volatility of performance variances between the fund and its benchmark index.