Systems, methods, apparatuses, and computer program products for dynamically redistributing timing and synchronization in a packet switched network are provided. One method includes creating, by a slave node, a peer list comprising an identifier of at least one peer slave node that shares a same master node as the slave node or that has a certain predefined affinity with the slave node. The method may also include announcing a holdover time of the slave node to the at least one peer slave node, and, when a predefined event occurs, announcing to the at least one peer slave node that the slave node is taking on a mini-master role for at least the announced holdover time.