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.
It features a President, responsible to the people, a cabinet called the Council of Ministers, a legislature, and a Prime Minister responsible to that legislature. The constitution of France endows the President with extensive powers, but makes clear that the Prime Minister is the head of government.