Consequences of Financial Hardship Withdrawals. Your financial hardship withdrawal is subject to Federal income tax and, in some cases, state income tax. If you are younger than 59Â½, you may have to pay a 10% early withdrawal penalty tax.
The âpresidential-parliamentary systemâ of the Fifth Republic carries over the institutions of the previous republics, incorporating elements of the conventional presidential system and parliamentary system.
The head of state and head of the executive is the President, elected by universal suffrage. Since May 2012, France's president is FranÃ§ois Hollande. Originally, a president of the Fifth Republic was elected for a 7-year term (le septennat), renewable any number of times.