Can anyone confirm that this loa is still in effect and that I am reading it correctly? This is from page 440 and is also in section 26 of the pwa.

LOA #13-01 – 02

2.
New Hire Pilot 401(k) Contributions
Amend Section 26 C. 8. c. to read:


For pilots hired (or rehired) on or after January 1, 2013, provide for automatic pre-tax employee contributions from earnings (unless the pilot elects otherwise) equal to 5% of earnings, beginning with the payroll period next following or coincident with the 90-day period following the Employee’s date of hire (or rehire), and increasing by 1% of earnings each year thereafter, to 10% of earnings.