Comment 15 for bug 162517

I downloaded the required files from postgresql.org. Take the source tar, extract the startup file and edit it to your needs. Here is mine

#! /bin/sh

# chkconfig: 2345 98 02
# description: PostgreSQL RDBMS

# This is an example of a start/stop script for SysV-style init, such
# as is used on Linux systems. You should edit some of the variables
# and maybe the 'echo' commands.
#
# Place this file at /etc/init.d/postgresql (or
# /etc/rc.d/init.d/postgresql) and make symlinks to
# /etc/rc.d/rc0.d/K02postgresql
# /etc/rc.d/rc1.d/K02postgresql
# /etc/rc.d/rc2.d/K02postgresql
# /etc/rc.d/rc3.d/S98postgresql
# /etc/rc.d/rc4.d/S98postgresql
# /etc/rc.d/rc5.d/S98postgresql
# Or, if you have chkconfig, simply:
# chkconfig --add postgresql
#
# Proper init scripts on Linux systems normally require setting lock
# and pid files under /var/run as well as reacting to network
# settings, so you should treat this with care.

# Original author: Ryan Kirkpatrick <email address hidden>

# $PostgreSQL: pgsql/contrib/start-scripts/linux,v 1.8 2006/07/13 14:44:33 petere Exp $

## EDIT FROM HERE

# Installation prefix
prefix="/usr/lib/postgresql/8.2"

# Data directory
PGDATA="/home/db"

# Who to run the postmaster as, usually "postgres". (NOT "root")
PGUSER=postgres

# Where to keep a log file
PGLOG="$PGDATA/serverlog"

## STOP EDITING HERE

# The path that is to be used for the script
PATH=/usr/local/sbin:/usr/local/bin:/sbin:/bin:/usr/sbin:/usr/bin

# What to use to start up the postmaster (we do NOT use pg_ctl for this,
# as it adds no value and can cause the postmaster to misrecognize a stale
# lock file)
DAEMON="$prefix/bin/postgres"

# What to use to shut down the postmaster
PGCTL="$prefix/bin/pg_ctl"

set -e

# Only start if we can find the postmaster.
test -x $DAEMON || exit 0

# Parse command line parameters.
case $1 in
  start)
 echo -n "Starting PostgreSQL: "
 su - $PGUSER -c "$DAEMON -D '$PGDATA' &" >>$PGLOG 2>&1
 echo "ok"
 ;;
  stop)
 echo -n "Stopping PostgreSQL: "
 su - $PGUSER -c "$PGCTL stop -D '$PGDATA' -s -m fast"
 echo "ok"
 ;;
  restart)
 echo -n "Restarting PostgreSQL: "
 su - $PGUSER -c "$PGCTL stop -D '$PGDATA' -s -m fast -w"
 su - $PGUSER -c "$DAEMON -D '$PGDATA' &" >>$PGLOG 2>&1
 echo "ok"
 ;;
  reload)
        echo -n "Reload PostgreSQL: "
        su - $PGUSER -c "$PGCTL reload -D '$PGDATA' -s"
        echo "ok"
        ;;
  status)
 su - $PGUSER -c "$PGCTL status -D '$PGDATA'"
 ;;
  *)
 # Print help
 echo "Usage: $0 {start|stop|restart|reload|status}" 1>&2
 exit 1
 ;;
esac

exit 0

Now it works