diff --git a/idea/idea-jps-common/src/org/jetbrains/kotlin/config/KotlinFacetSettings.kt b/idea/idea-jps-common/src/org/jetbrains/kotlin/config/KotlinFacetSettings.kt
index 24f6f2eb465..93df5bc43ad 100644
--- a/idea/idea-jps-common/src/org/jetbrains/kotlin/config/KotlinFacetSettings.kt
+++ b/idea/idea-jps-common/src/org/jetbrains/kotlin/config/KotlinFacetSettings.kt
@@ -87,14 +87,7 @@ sealed class VersionView : DescriptionAware {
     }
 
     companion object {
-        val RELEASED_VERSION by lazy {
-            val latestStable = LanguageVersion.LATEST_STABLE
-            if (latestStable.isPreRelease()) {
-                val versions = LanguageVersion.values()
-                val index = versions.indexOf(latestStable)
-                versions.getOrNull(index - 1) ?: LanguageVersion.KOTLIN_1_0
-            } else latestStable
-        }
+        val RELEASED_VERSION = LanguageVersion.LATEST_STABLE
 
         fun deserialize(value: String?, isAutoAdvance: Boolean): VersionView {
             if (isAutoAdvance) return LatestStable