> For timestamp with time zone, the internally stored value is always in UTC (Universal Coordinated Time, traditionally known as Greenwich Mean Time, GMT). An input value that has an explicit time zone specified is converted to UTC using the appropriate offset for that time zone. If no time zone is stated in the input string, then it is assumed to be in the time zone indicated by the system's TimeZone parameter, and is converted to UTC using the offset for the timezone zone.
> When a timestamp with time zone value is output, it is always converted from UTC to the current timezone zone, and displayed as local time in that zone. To see the time in another time zone, either change timezone or use the AT TIME ZONE construct (see Section 9.9.4).
To me it seems to state quite clearly that timestamptz is converted on write from the input offset to UTC and on read from UTC to whatever the connection timezone is. Can you elaborate on which part of this is wrong? Or maybe we're talking past each other?