ALTER ROLE name [ [ WITH ] option [ ... ] ]
where option can be:
SUPERUSER | NOSUPERUSER
| CREATEDB | NOCREATEDB
| CREATEROLE | NOCREATEROLE
| CREATEUSER | NOCREATEUSER
| INHERIT | NOINHERIT
| LOGIN | NOLOGIN
| CONNECTION LIMIT connlimit
| [ ENCRYPTED | UNENCRYPTED ] PASSWORD 'password'
| VALID UNTIL 'timestamp'
ALTER ROLE name RENAME TO new_name
ALTER ROLE name [ IN DATABASE database_name ] SET configuration_parameter { TO | = } { value | DEFAULT }
ALTER ROLE name [ IN DATABASE database_name ] SET configuration_parameter FROM CURRENT
ALTER ROLE name [ IN DATABASE database_name ] RESET configuration_parameter
ALTER ROLE name [ IN DATABASE database_name ] RESET ALL
Example
ALTER ROLE davide WITH PASSWORD 'hu8jmn3';
ALTER ROLE davide WITH PASSWORD NULL;
ALTER ROLE chris VALID UNTIL 'May 4 12:00:00 2015 +1';