[Public Papers of the Presidents of the United States: George H. W. Bush (1992-1993, Book II)]
[October 24, 1992]
[Pages 1972-1973]
[From the U.S. Government Publishing Office www.gpo.gov]



Statement on Signing the Veterans Compensation Cost-of-Living Adjustment 
Act of 1992
October 24, 1992

    It gives me great pleasure to sign into law S. 2322, the ``Veterans 
Compensation Cost-of-Living Adjustment Act of 1992.''
    Our Nation provides compensation payments to service-disabled 
veterans and Dependency and Indemnity Compensation (DIC) benefits to the 
survivors of those who die as a result of military service to our 
country. My Administration is committed to ensuring that these payments 
keep pace with changes in the cost of living.
    S. 2322 provides a 3 percent increase in compensation and DIC 
benefits, which is the same cost-of-living adjustment Social Security 
beneficiaries and veteran pensioners will receive. Nearly 2.2 million 
veterans and their dependents and about 313,000 surviving spouses and 
children will benefit from this increase, which is effective December 1, 
1992.
    As a Nation, we must always remember the special debt that we owe 
those veterans who unselfishly give of themselves to assure that the 
security and honor of this country are maintained. The freedom and 
liberty that we enjoy as citizens of this great Nation depend on the men 
and women of our Armed Forces. The measure that I sign today bears 
witness to our gratitude and continued commitment to those who serve our 
country. It tangibly demonstrates that the American people will not 
forget the valuable contribution that veterans have made to this Nation.

                                                             George Bush

[[Page 1973]]

The White House,
October 24, 1992.

                    Note: S. 2322, approved October 24, was assigned 
                        Public Law No. 102-510. This statement was 
                        released by the Office of the Press Secretary on 
                        October 25.