When discussed over beers with a buddy last week, it sounded like the intent was to copy and paste some of the Eagle language, but came with twists.
MQ adds zero time (and part time lines, which for us is working half a month a month, not every other month - company can, but hasn't used that one yet in the recent past). Here you cannot be assigned any of these, only voluntary bid it. Think of it as a short term unpaid vacation, if you can afford it. You are still responsible for your portion of insurance.
The furlough mitigation is different, it is offered as a 1 for 1 long term leave of absence. You can check out for 5 years (the company won't touch you for those 5), paying full price for insurance if you want to keep it, and travel bennies for a year. You can elect to come back at any time past a one year mark with a 30 day notice, or sooner than 1 year if the company started recalling. These are awarded based on company staffing needs, and current offerings tell a sad story for NYC and 145 in general.