I ran the numbers based on my situation using the company's last offer, and I believe he's absolutely right, it's a nearly cost neutral offer. Under PBS, your credit and block will be virtually equal. Under the current CBA, I have 300+ hours of soft time per year, without any JRMs, special deals, etc. If I flew that extra 300 hours per year at current straight pay by picking up on top of transition drops, or taking my days off down to 15 or so, my annual pay would be within $1000 of what it would be for the same block at proposed rates. I, for one, do not want to be forced to fly that much per year, especially if I COULD make nearly the same money under the current CBA.