The following bug has been logged online:

Bug reference:      3997
Logged by:          Aaron Mizrachi
Email address:      [EMAIL PROTECTED]
PostgreSQL version: 8.3.0
Operating system:   Windows
Description:        Venezuela TIMEZONE
Details: 

venezuela have a new timezone (-4:30 hrs).

File postgresql-8.3.0/src/timezone/tznames/America.txt:299 does not reflect
that change:

VET    -14400    # Venezuela Time

(-14400 = -4:00)

The right value is: -16200 # -4:30 hrs

---------------------
Check: 
http://support.microsoft.com/kb/938977
http://news.bbc.co.uk/2/hi/americas/7134927.stm

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