    [Public Papers of the Presidents of the United States: William J. Clinton (1994, Book II)]
    [October 25, 1994]
    [Page 1870]
    [From the U.S. Government Publishing Office www.gpo.gov]

    Statement on Signing the Veterans' Compensation Cost-of-Living
    Adjustment Act of 1994
    October 25, 1994

        Today, I have signed into law S. 1927, the ``Veterans' Compensation
    Cost-of-Living Adjustment Act of 1994.''
        In signing S. 1927, I am pleased to extend a most deserved benefit
    to our Nation's service-disabled veterans and the surviving spouses and
    children of those who gave their lives in defense of our beloved
    freedoms. This Act not only maintains the value of benefits so dearly
    earned, but underscores a debt of gratitude that we can never fully
    repay.
        S. 1927 provides a 2.8 percent increase in compensation and
    dependency and indemnity compensation benefits, effective December 1,
    1994. This is the same percentage increase that Social Security
    beneficiaries and veterans' pension recipients will be receiving in
    January.
        I salute the more than two and one-half million individuals who will
    directly benefit from this increase and all veterans and their families.
    Moreover, to those proud men and women still in uniform, our actions
    today bear witness to our Nation's commitment to you for your
    contributions to our security and well-being.

                                                          William J. Clinton

    The White House,
    October 25, 1994.

    Note: S. 1927, approved October 25, was assigned Public Law No. 103-418.