Try reading it again, thats a cap on the Time Spent portion, not the initial $125.

I'll copy paste some items from item 6.

6. What does the settlement provide?

Equifax will pay at least $380,500,000 into a Consumer Restitution Fund. The Consumer Restitution Fund will be used to:

• Make cash payments for Out-of-Pocket Losses and Time Spent (see FAQ 7);
• Purchase Credit Monitoring Services (see FAQ 8);
• Pay cash Alternative Reimbursement Compensation to Settlement Class Members who already have their own credit monitoring or identity protection coverage before making a claim (see FAQ 10);
• Make cash payments for Subscription Product Reimbursement;
• Purchase Restoration Services for all Settlement Class Members, regardless of whether they make a claim (see FAQ 11);
• Pay the costs of notifying Settlement Class Members and administering the settlement;
• Pay service awards to the Settlement Class Representatives, as approved by the Court (see FAQ 22);
• Pay attorneys’ fees, costs, and expenses, as approved by the Court (see FAQ 21).

If the Consumer Restitution Fund is used up, Equifax will pay up to an additional $125,000,000 to pay Out-of-Pocket Losses (see FAQ 13).