One of the major action items for any session of Congress for federal employees is setting the pay raise for the following year–in this case the January 2001 increase. Under the pay-setting formula, the across-the-board component would be 2.7 percent because of the law’s provision to cut a half-percentage point from the employment cost index figure for the measuring period. Whether that figure will become as the across-the-board component, and how much locality pay will be added on top of it, however, is up for grabs (see next item).