Historical version. PostgreSQL 7.4 has reached end of support. See the current manual.
21.2. Routine Reindexing
In some situations it is worthwhile to rebuild indexes periodically with the REINDEX command. (There is also contrib/reindexdb which can reindex an entire database.) However, PostgreSQL 7.4 has substantially reduced the need for this activity compared to earlier releases.
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Read the upstream documentation. For corrections, first check the current manual.