Elections to the Baseball Hall of Fame for 1995 introduced a system of multiple classified ballots for consideration by the Veterans Committee.

That group met in closed sessions as usual and selected four people: Richie Ashburn, Leon Day, William Hulbert, and Vic Willis.

The Baseball Writers' Association of America (BBWAA) voted by mail, per their usual process, to select from recent major league players; they elected Mike Schmidt.

Players eligible for the first time who were not included on the ballot were: Luis Aguayo, Neil Allen, Tony Armas, Alan Ashby, Bruce Benedict, Mike Davis, Bob Dernier, Bo Díaz, Leon Durham, Tim Flannery, Damaso Garcia, Jerry Hairston, Sr., Glenn Hubbard, Lee Mazzilli, Keith Moreland, Dwayne Murphy, David Palmer, Shane Rawley, Craig Reynolds, Harry Spilman, Bob Stanley, Tim Stoddard, Steve Trout, Ron Washington, and Joel Youngblood.

The Veterans Committee met in closed sessions to elect as many as two executives, managers, umpires, and older major league players—the categories considered in all its meetings since 1953.