Having read the LOA (you can read it in my post above), there are some fine print that was left out of the media announcement.

1) The new pay rate is based on DOS +2 (date of signing, October 1, 2020), so unless I'm missing something, it doesn't occur until November 1 based on the note below the payrate table:
** DOS+2 rates are effective the first of the month following ratification of the 2022 Pay and Retention LOA. NOTE – DOS+3, DOS+4 and DOS+5 rates continue to be effective on the October 1 anniversary date of the CBA effective date.


2)“Incentive Trial” Provisions

The following provisions of this LOA will be run on a “trial basis” and,
except as otherwise mutually agreed in writing by the Parties, shall expire
at midnight on December 31, 2023:
• 2.c – Monthly AFW Base Stipend
• 2.d – AFW Cargo Flying Override
• 3.a – Standard Flying Override
• 4.b – Quarterly Captain Retention Bonus
• 4.c – Captain Upgrade Incentive
• 4.d – Career Captain Retention Bonus (see below)
• 4.e – Personal Day and Sick Day Buy Back Program


The Parties shall meet at least ninety (90) days before December 31, 2023
to attempt to reach mutual agreement on which, if any of the above
provisions shall be continued and on what terms. Absent mutual
agreement in writing, a provision shall expire at midnight on December
31, 2023.

So all of the bonus incentives could end at the end of 2023. Not when the CBA expires on October 1, 2025.