BUG #15166: PL/PGSQL default rowtype variable value is null but also not null

The following bug has been logged on the website:

Bug reference: 15166
Logged by: Alex
Email address: cdalxndr(at)yahoo(dot)com
PostgreSQL version: 10.3
Operating system: Windows 10 version 1709
Description:

Running the following script will report that 'var' is null but also not
null:

create table test_table();
create function test() returns void as $$
declare
var test_table%rowtype;
begin
raise notice 'is null: %', (var is null);
raise notice 'is not null: %', (var is not null);
end;
$$ LANGUAGE plpgsql;
select test()

produces output:
NOTICE: is null: t
NOTICE: is not null: t

By documentation, it should be null: "If the DEFAULT clause is not given
then the variable is initialized to the SQL null value."
(https://www.postgresql.org/docs/current/static/plpgsql-declarations.html)