diff --git a/src/pgm_receiver.cpp b/src/pgm_receiver.cpp
index 01b95b25..b0e92f98 100644
--- a/src/pgm_receiver.cpp
+++ b/src/pgm_receiver.cpp
@@ -235,6 +235,8 @@ void zmq::pgm_receiver_t::timer_event (int token)
 {
     zmq_assert (token == rx_timer_id);
 
+    //  Timer cancels on return by poller_base.
+    has_rx_timer = false;
     in_event ();
 }
 
diff --git a/src/pgm_sender.cpp b/src/pgm_sender.cpp
index 82a37abb..3fc0d902 100644
--- a/src/pgm_sender.cpp
+++ b/src/pgm_sender.cpp
@@ -188,11 +188,15 @@ void zmq::pgm_sender_t::out_event ()
 
 void zmq::pgm_sender_t::timer_event (int token)
 {
-    if (token == rx_timer_id)
+    //  Timer cancels on return by poller_base.
+    if (token == rx_timer_id) {
+        has_rx_timer = false;
         in_event ();
-
-    zmq_assert (token == tx_timer_id);
-    out_event ();
+    } else if (token == tx_timer_id) {
+        has_tx_timer = false;
+        out_event ();
+    } else
+        zmq_assert (false);
 }
 
 #endif