Conversion and Creation of Characters

[satoyue]

So if i wanted to roll a new character and retire my old character would said new character get only the 40% retirement cp or would they get the 40% and the additional conversion as well? So if i have a 530 cp character would my new character after retiring get 212 cp (40%) or would they get 212 cp(40%)+ 175 cp(the conversion cp)