My application for an excess withdrawal or a zero rate was turned down because of "insufficient funds." What does this mean?
This means that you have not yet met your minimum accumulation requirement. There are several reasons why this might be true: you may not have contributed for 20 years; you may have been contributing at less than your certified rate; or you may have elected FICA Class C, which means that your pension deductions are being applied to both your pension and your Social Security, thus resulting in a lower QPP contribution rate.