At least one of the following conditions has occurred:
The new password or password phrase is not valid.
A new password phrase was specified with a current password, or a new password was specified with a current password phrase.
A new password phrase was specified with a PassTicket as the current password, but the user does not currently have a password phrase.
A password or password phrase change is disallowed at this time because the minimum password-change interval has not passed.
Release : TPX 5.4 Security: RACF
The password for the user was made permanent (NOEXPIRE) the same day they tried to enter a Newpassword. The minimum PW change interval was 1 day. After waiting a day then a Newpassword could be entered.