; (2) property and land damage from rising sea levels and extreme weather; and (3) the costs associated with natural disaster relief and mitigation. 3. Federal advisory panel on the economics of climate change (a) Establishment The Federal Retirement Thrift Investment Board (referred to in this section as the Board ) shall establish a panel to be known as the Federal Advisory Panel on the Economics of Climate Change (referred to in this section as the Advisory Panel ). (b) Membership (1) In general The Advisory Panel shall consist of 9 members, appointed by the Board as follows: (A) 3 members shall be chosen from among individuals generally recognized for impartiality, knowledge, and experience in the field of labor relations and pay policy. (B) 6 members shall be chosen from among individuals with expertise in local, national, or transnational financing that seeks to insulate financial holdings from climate-related risks and losses. (2) Limitation Not more than 3 members of the Advisory Panel may represent a single employee organization, council, federation, alliance, association, or affiliation of employee organizations. (3) Chair The Board shall select a member of the Advisory Panel appointed under paragraph (1)(A) to serve as the Chair of the Advisory Panel. (4) Compensation (A) In general A member of the Advisory Panel— (i) may not receive pay by reason of the service of the member on the Advisory Panel