JVDS : Kind of but you fall for the same trap as everyone else. Yes you get £38k + £5k, but this is not the same as DE SFO. For the simple fact that they don't then contribute around £5700/year to a loan repayment.
In simple numbers before tax, over the 5 years when compared to a DE SFO who joined on the same day as yourself and remaining a SFO for the 5 years you will be minus approximately (if it takes 2 months training for your base check to happen):
(? say £6000) - 2 months salary from your old job
(? say £6000) - 2 months salary from easyJet (you don't get paid, they do)
£28500 - TRSS loan + interest
£1750 - less in your pension fund (7% x £5000/year)
= approx £42250 less than a DE SFO (and i am sure we found some other little things you don't get but have forgotten)
Effectively you give a working year of your life to easyJet for nothing, zip, nada (ie 1 years salary = approx £42k, or you work 6 years but get paid for 5, and with our roster thats what it feels like). You might get another 4% in October, but the DE SFO also gets 4%, and don't lose your medical or drop dead from the non fatiguing roster cause you guessed it, it is based on your basic salary which again is £5000 less than the DE SFO.
You have to look at the TRSS from every angle to make an informed decision about accepting it. The reason easyJet love it is cause it works in their favour, not because they want to help you out. The secret is to use it for what you want (like they are finding out at the moment) and then bugger off somewhere that suits you better.
baronrouge : depends on what kind of jet. Equivalent B737/A319 then you might get away with it. Smaller than this then probably TRSS. We had MD80 guys that went DE SFO rather than TRSS, however Embraer or CRJ then TRSS. The 90% for 6 months applies regardless of entry method and will apply again on upgrade to Captain.