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Examine the function given below for relative extrema and saddle points.
Past Service Cost
The cost of additional retirement benefits awarded for an employee's service in prior periods, typically arising from plan amendments.
Service Cost
The portion of the projected pension benefit that is attributed to employee's service in the current year, often used in accounting for pension expenses.
Defined Benefit Pension Plan
A retirement plan where employee benefits are calculated based on a formula considering factors like salary history and duration of employment, with the employer bearing the investment risk.
Pension Expense
The cost of a company's pension plan, recognized in its financial statements during a specific period.
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