diff --git a/doc/src/sgml/plpgsql.sgml b/doc/src/sgml/plpgsql.sgml
index 78e4983139b5..2acdf43b4a1d 100644
--- a/doc/src/sgml/plpgsql.sgml
+++ b/doc/src/sgml/plpgsql.sgml
@@ -3317,7 +3317,7 @@ OPEN curs1 FOR EXECUTE format('SELECT * FROM %I WHERE col1 = $1',tabname) USING
      <title>Opening a Bound Cursor</title>
 
 <synopsis>
-OPEN <replaceable>bound_cursorvar</replaceable> <optional> ( <optional> <replaceable>argument_name</replaceable> := </optional> <replaceable>argument_value</replaceable> <optional>, ...</optional> ) </optional>;
+OPEN <replaceable>bound_cursorvar</replaceable> <optional> ( <optional> <replaceable>argument_name</replaceable> { => | := } </optional> <replaceable>argument_value</replaceable> <optional>, ...</optional> ) </optional>;
 </synopsis>
 
          <para>
@@ -3340,7 +3340,7 @@ OPEN <replaceable>bound_cursorvar</replaceable> <optional> ( <optional> <replace
           Argument values can be passed using either <firstterm>positional</firstterm>
           or <firstterm>named</firstterm> notation.  In positional
           notation, all arguments are specified in order.  In named notation,
-          each argument's name is specified using <literal>:=</literal> to
+          each argument's name is specified using <literal>=></literal> to
           separate it from the argument expression. Similar to calling
           functions, described in <xref linkend="sql-syntax-calling-funcs"/>, it
           is also allowed to mix positional and named notation.
@@ -3351,6 +3351,14 @@ OPEN <replaceable>bound_cursorvar</replaceable> <optional> ( <optional> <replace
 <programlisting>
 OPEN curs2;
 OPEN curs3(42);
+OPEN curs3(Key => 42);
+</programlisting>
+         </para>
+
+         <para>
+          An older syntax based on <literal>:=</literal> is supported for backward
+          compatibility:
+<programlisting>
 OPEN curs3(key := 42);
 </programlisting>
          </para>
diff --git a/src/pl/plpgsql/src/pl_gram.y b/src/pl/plpgsql/src/pl_gram.y
index 8048e040f810..dc0ae1131842 100644
--- a/src/pl/plpgsql/src/pl_gram.y
+++ b/src/pl/plpgsql/src/pl_gram.y
@@ -3955,9 +3955,12 @@ read_cursor_args(PLpgSQL_var *cursor, int until, YYSTYPE *yylvalp, YYLTYPE *yyll
 					tok2;
 		int			arglocation;
 
-		/* Check if it's a named parameter: "param := value" */
+		/*
+		 * Check if it's a named parameter: "param := value"
+		 * or "param => value"
+		 */
 		plpgsql_peek2(&tok1, &tok2, &arglocation, NULL, yyscanner);
-		if (tok1 == IDENT && tok2 == COLON_EQUALS)
+		if (tok1 == IDENT && (tok2 == COLON_EQUALS || tok2 == EQUALS_GREATER))
 		{
 			char	   *argname;
 			IdentifierLookup save_IdentifierLookup;
@@ -3983,11 +3986,11 @@ read_cursor_args(PLpgSQL_var *cursor, int until, YYSTYPE *yylvalp, YYLTYPE *yyll
 						 parser_errposition(*yyllocp)));
 
 			/*
-			 * Eat the ":=". We already peeked, so the error should never
-			 * happen.
+			 * Eat the ":=" and the "=>". We already peeked, so the error should
+			 * never happen.
 			 */
 			tok2 = yylex(yylvalp, yyllocp, yyscanner);
-			if (tok2 != COLON_EQUALS)
+			if (tok2 != COLON_EQUALS && tok2 != EQUALS_GREATER)
 				yyerror(yyllocp, NULL, yyscanner, "syntax error");
 
 			any_named = true;
diff --git a/src/test/regress/expected/plpgsql.out b/src/test/regress/expected/plpgsql.out
index 0a6945581bd8..31aa806e491b 100644
--- a/src/test/regress/expected/plpgsql.out
+++ b/src/test/regress/expected/plpgsql.out
@@ -2419,7 +2419,8 @@ declare
   p2 int4 := 1006;
   n int4;
 begin
-  open c1 (p1 := p1, p2 := p2, debug := 2);
+  -- use both supported syntaxes for named arguments
+  open c1 (p1 := p1, p2 => p2, debug => 2);
   fetch c1 into n;
   return n;
 end $$ language plpgsql;
diff --git a/src/test/regress/sql/plpgsql.sql b/src/test/regress/sql/plpgsql.sql
index 18c91572ae14..aaae1e44c6fa 100644
--- a/src/test/regress/sql/plpgsql.sql
+++ b/src/test/regress/sql/plpgsql.sql
@@ -2072,7 +2072,8 @@ declare
   p2 int4 := 1006;
   n int4;
 begin
-  open c1 (p1 := p1, p2 := p2, debug := 2);
+  -- use both supported syntaxes for named arguments
+  open c1 (p1 := p1, p2 => p2, debug => 2);
   fetch c1 into n;
   return n;
 end $$ language plpgsql;