State media also reports that Gurbanguly Berdymukhammedov received $20,000 and a 30 percent salary and pension increase.
The government has also issued 200 gold and 200 silver commemorative coins decorated with Berdymukhammedov's portrait.
The awards echoed those received by his late predecessor, Saparmurat Niyazov, who cultivated a vast personality cult.
(AP)