diff --git a/contracts/p1/StRSR.sol b/contracts/p1/StRSR.sol
index 8fe1c3e7..4f9ea736 100644
--- a/contracts/p1/StRSR.sol
+++ b/contracts/p1/StRSR.sol
@@ -419,6 +419,7 @@ abstract contract StRSRP1 is Initializable, ComponentP1, IStRSR, EIP712Upgradeab
         // Transfer RSR to caller
         emit ExchangeRateSet(initRate, exchangeRate());
         IERC20Upgradeable(address(rsr)).safeTransfer(_msgSender(), seizedRSR);
+        rsrRewardsAtLastPayout = rsrRewards();
     }
