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.
A parliamentary system, sometimes called a âcabinet governmentâ may also be a constitutional monarchy. (see the module âConstitutional Monarchies.â) A constitutional monarchy retains the king or queen in the role of head of state, but their power is almost exclusively ceremonial.xamples of parliamentary systems, other than the countries of the United Kingdom, include Canada, Australia, the Scandinavian countries, Germany, Spain and Italy. France and Finland are âhybridâ systems of government, that is they combine features of both the presidential and parliamentary models.