Salary Freeze

My husband's employer just sent out a company-wide email announcing
that they would be enacting a pay freeze, effective immediately.

He usually gets a 3-4% raise every year (which covers cost-of-living
increase and a small merit raise), which would have amounted to about
$100/month after taxes. We had expected that the raise would be
smaller than usual, perhaps only 2%, but we hadn't expected the freeze.

In the past we both typically find out what our raises are around
Thanksgiving, and we see the increased checks after the first of the
year.

Although we don't usually re-do our budget until the end of December,
we had already incorporated the anticipated increase into plans for
next year. We know that we'll have some major out-of-pocket expenses
for an elective medical procedure (LASIK vision correction), so now we
will need to re-evaluate whether to delay that surgery or make other
changes to our budget to compensate.

I wonder what my company will do about raises this year...