I don't have a copy of Pocket Empires, but MegaTraveller lists a 'commemorative gold watch' as a Mustering Out Benefit for Bureaucrats 'in view of many years of fine service.' I would think that would be recognition of some sort. I'm sure you could substitute 'in view of' with 'in recognition of'. It also lists '+1 Soc' as a Mustering Out Benefit.