Selling your deferred pension savings to a bank

As you non-EU people here know, the money that you've pay into the German pension system can be claimed back once you've left the country and have been gone for two years (and have lived here less than 5 years total). What I'd like to do is sell my 4.5 years worth of pension, which can be collected in July, 2010, to a bank in exchange for a lump sum of Euros that I can use now.

Does anybody know if this is possible, and if so, has anyone done it? Any advice is much appreciated.

I am pretty sure that no German bank will go after such an offer, tempting as it may sound to you. Simply because there is no market for that nor experience in that with German bank from all I know.
But where is your problem to collect the money yourself to a German or foreign account? Not sure I understand your goal correctly here, pls advise

Cheerio

the simple answer is, no its not possible. The state pension is not like a private insurance policy which a bank/broker can continue paying into to finally cash in. There is, therefore, nothing in it for a bank. As you state, you can get your contributions refunded, so why not do this?

I think the issue is that he would like the money now, not in 2010.

He wants to discount his future lump sum pay out to receive cash today. Sounds like a good business idea. Kind of like insurance companies that will pay you a lump sum today for your right to a future annuity.

As Renia and TexMunich stated, I'd like the money now rather than in 2010, even if I have to take a hit on the amount. Doesn't sound like it'll happen, however. Oh well.

Thanks all for the replies.

One of the problems with "selling it in advance" being, that he cannot return to Germany to live for two years. There is no real way of guaranteeing that, which I guess must be why the powers that be won´t pay it out until that much time has passed.

Upon leaving Switzerland, I had to wait only a year to receive my pension contributions back and there didn´t seem to be any way of getting around it there either.

Can see where you are coming from DW and there is a market / brokers for it for income tax payments.
But I GUESS it might be too small a market and too specialised for non EU-ers social security payments.

If you want a lump sum NOW, why not look for a bank loan that offers flexibilty in the repayments.
Say €100 a month or whatever now, but you have the right to pay an interest penalty and pay it all off in one lump sum ???
Which you could then use your social security refund to do.