A system and method are provided for encoding and decoding multiplexed video signals to de-jitter the content. A first de-jitter operation is performed on incoming signals and a second de-jitter operation is performed on PCR modified outbound packetized signals after sequencing of the packetized signals has been determined. In one case the second de-jitter operation can be performed using a PLL that is based, at least in part, on the output hardware limitations.