Employees Provident Fund Scheme "Employees Provident Fund Scheme" means a scheme under which an employee ceases to be eligible to be conferred the status of a pensionable employee or ceases to be a pensionable employee and is instead required to contribute, together with his employer, to the Employees Provident Fund; ACT 239 - STATUTORY AND LOCAL AUTHORITIES PENSIONS ACT 1980 2. Interpretation.