wait a minute, your both saying completely opposite things
do i lose the skill, or keep it, but lose the perk points?
If your at a level of 100 in smithing and you have the entire tree perked out the perk respec will remove all the perks in the smithing tree but you will remain at level 100 in smithing. All it does is remove the perks in any perk tree not your skill level.
If your at a level of 100 in smithing and you have the entire tree perked out the perk respec will remove all the perks in the smithing tree but you will remain at level 100 in smithing. All it does is remove the perks in any perk tree not your skill level.
this..basically what i said just worded differently, kinda confusing to explain at first